Boomers have never been great at putting money in the bank. Maybe they should listen to their kids.
Borrowing
5 Signs That You’re Borrowing Too Much
Consumer debt figures show it: we’re getting tired of being so darned frugal. Here are five guidelines to keep you from borrowing too much.
Holiday Shoppers Hitting Pawn Stores in Big Numbers
It has been a huge year for retail sales so far in the holiday shopping season, with $52 billion spent over Black Friday weekend and another $6 billion spent online during the “Cyber Week” that followed. Here’s one more hot …
8 Money Habits That Separate Doers From Dreamers
When it comes to securing financial security, are you a doer or a dreamer? By definition, financial doers have a better shot at reaching their retirement goals. No real surprise, they also have a much better shot at raising …
Hey, Education Secretary Duncan, Let’s Teach Kids About Money (Not Just Talk About It)
Speaking to a White House advisory group this week, Secretary of Education Arne Duncan highlighted the need for schools to begin teaching students about personal finance as early as kindergarten. He’s dead on. But what’s he …
Talk About ‘Old Money’: Old Folks Got Richer, Young People Much Poorer Over the Years
We’ve all heard of how the rich have gotten richer over the past several decades—the “great divergence,” as it’s been called, in which a small portion of the population has garnered an increasingly outsized percentage of net …
5 Ways to Recognize a Financial Scam
With a tough economy making timely retirement less likely for many folks, retirement-related financial scams may be on the upswing. Here are five ways to know if you are being played.
How Shopping Is Good for the Economy—And Your Soul
Forget about diligent saving, careful spending, and avoiding debt. Forget about tax cuts and private investment. For the economy to blossom, it is essential—and morally, the right thing to do—for consumers and the government …
“If you had more money than you knew what to do with, would you want more?”
Credit Scores Down But Credit Card Debt Up
Numbers don’t lie, but sometimes they don’t tell the whole story. Credit score and product site CreditKarma.com compared the amount of credit card, mortgage and student loan debt in each state, along with each state’s average …
One More Reason It Pays To Switch Banks
Recent media focus concerning the price of brand loyalty—sparked in part by Bank of America’s decision to start charging fees for debit card users—recalls some interesting research from a few years back that suggests there’s …
Scariest Student Loan Debt Numbers Ever: $100 Billion, $1 Trillion
For the first time ever, the total amount of student loans taken out last year in the U.S. topped $100 billion. And sometime this year, it’s expected that outstanding student loan debt will hit $1 trillion—also for the first time ever.