Personal Finance
Vanguard: The value of ownership
At Vanguard, you’re more than just an investor, you’re an owner. Because we know the future you’re saving for is more than just yours.Investor-owned means ...
Question of the Day: What is #1 reason that people give for paying their credit card bill late? - Blog
Answer: They forgot! Questions: Why do you think that so many people forget to pay their credit card bill? What do you think are some of the consequences of not paying your bill on time? What are steps that you can take so you are not one of those "forgetful" people who don't pay their bills on time? Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom. Behind the numbers (WalletHub): "In a nationally representative survey conducted by WalletHub, over 18 percent of respondents said they believe they will miss at least one credit card due date in 2021. That works out to about 47 million Americans.
The Most Expensive and Least Expensive Colleges in Each State to Get a Bachelor's Degree
Researchers analyzed data from 1,800-plus colleges and universities enrolling at least 1,000 students and granting mainly bachelor's degrees.
Zillow stops buying houses for the rest of the year
Student Loan Default Rate
Three metro Detroit communities become majority renter
Three municipalities near Detroit where the majority of residents were homeowners in 2010 are now majority-renter communities, according U.S. census data analyzed by the apartment search website RENTCafé. Inkster, Pontiac and Auburn Hills all became majority-renter communities in 2019, while…
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Why everybody’s hiring but nobody’s getting hired
Everyone is hiring. So why is finding a job still impossible?
Question of the Day: What was the average price of a new car sold in June 2021? - Blog
Answer: $42,258; Up 6.36% from June 2020 Questions: What has caused the price to increase so much on new cars? What happens to the value of a car once you drive it off the dealer's lot? Do you think about cars as an investment? Explain. Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom. Behind the numbers (Kelley Blue Book): Average New-Vehicle Prices Hit All-Time High, According to Kelley Blue Book "Despite unprecedented low incentives and inventory levels in June, last month showcased more historically high average transaction prices, reaching an all-new record," said Kayla Reynolds, industry intelligence analyst at Cox Automotive.
Question of the Day: What's the average time to complete the Free Application for Federal Student Aid (FAFSA)? - Blog
Answer: Questions: What’s the benefit of completing the FAFSA? Billions of dollars in federal financial aid are lost by not completing the FAFSA. What do you think are the challenges to completing this important form? What is one question that you have about the FAFSA?
Investing is so easy a hamster can do it
Chart: What Assets Make Up Wealth?
This chart breaks down the composition of assets for each tier of wealth. See what assets make up a regular person's net worth, versus that of a billionaire.
Moneywise America™
Explore Moneywise America™, our flagship financial literacy program for teens. See how we’re helping prepare future generations for financial freedom.
Bank Comparison Tool | New Haven Financial Empowerment
» Bank Comparison Tool |
Question of the Day: What percentage of adults have carried credit card debt in the past year? - Blog
Answer: 50% of families held credit card debt in 2020 Questions: What does it mean to “carry” credit card debt? Even though high-interest rates on credit card debt make carrying a balance expensive, how or why might consumers get into a situation where they cannot pay their credit card bill in full every month? Credit card companies often list a minimum payment due on their monthly statement. Do you think it is a good idea to make only that minimum payment?
A Brief History of Credit Cards (or What Happens When You Swipe)
What actually happens when you swipe your credit card? a16z general partner Alex Rampell helps solve the mystery, taking us from the beginning of the credit ...
As 'buy now, pay later' surges, a third of U.S. users fall behind on payments
A third of U.S. consumers who used "buy now, pay later" services have fallen behind on one or more payments, and 72% of those said their credit score declined, a new study published by personal finance company Credit Karma showed.
Social security isnt going away
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Consumers and Companies Are Buying In on Paying Later
Installment payment services are everywhere thanks to fresh deals with Amazon and Square. It’s a simple idea that can quickly get complicated for users.
5 Types of Budgets and How To Choose
Have you find the right budget for your lifestyle and personality type? Here's a guide to the various options.
How to use the ‘psychology of streaks’ for learning new skills and building habits.
You have been running every single day for the last 30 Days. Your running streak is 30. You have been writing every single day for the…
Question of the Day: What is the most popular shopping website for teens? - Blog
Answer: Amazon (and it's not even close!) Preferred online shopping websites of teens in the United States in spring 2021 Questions: Do you shop online at all? If so, what is your favorite website? How much of an impact does social media have on your online purchases? Are there items that you would prefer to purchase in-store vs.
Biden Prepares to Eliminate $10,000 in Student Loans
Not everyone, even within his own party, agrees on how much he should forgive—or whether he should at all
What's New With Insurance (2021) - Blog
Auto The Pandemic, Driving Patterns, and Rebates The pandemic had almost everyone driving less. Insurance companies had record profits, as less driving translated into fewer accidents. A few companies gave a bit of a rebate back to customers (mine was less than $20!). Earlier this month, the Consumer Federation of America and the Center for Economic Justice declared that insurers collected $42 billion in excess premiums last year while providing only $13 billion in discounts and rebates.(Yahoo Finance) Despite lobbying by the CFA, only California regulators have stepped in to try to get more money returned to customers.
Question of the Day: What percent of 18-24 year olds have used a Buy Now Pay Later (BNPL) service in 2021? - Blog
Answer: 61% Questions: Have you ever seen/used a Buy Now Pay Later (BNPL) service? What do you think are the pros/cons of a service like this? Want to learn more about BNPL? Check out this FinCap Friday which includes a quiz and an explainer video on the topic. Here's the ready-to-go slides for this Question of the Day that you can use in your classroom. Behind the numbers (The Ascent): In July 2020, only 37.71% of consumers aged 18 to 24 had used a buy now, pay later service, but that figure jumped to 61.16% in 2021, showing 62% growth in less than a year...These findings align with recent research from PYMNTS, which shows that younger consumers are looking for flexible yet responsible ways to pay for purchases.
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Borrowed Future Documentary: Uncovering the Student Loan Crisis in America
Uncovering the dark side of the the student loan industry and exposing how the system is built to work against consumers.
MassMutual Consumer Spending & Saving Index: Americans Experiencing the Financial Impacts of FOMO Are Spending $765 More Per Month Than This Time Last Year
MassMutual Consumer Spending & Saving Index