Not Knowing About This Credit Report Can Burn You

Even if we’re not quite sure what goes into our credit report or how that information boils down to a three-digit score, we know that a higher number means a better shot at getting a credit card or mortgage loan, along with a better interest rate on money we borrow. But many Americans don’t know about another type of credit report that’s …

Why Financial Literacy Fails

I’m often asked what I’d do to improve financial literacy in the United States. The premise seems to be that if we teach young people about compound interest and two-cycle billing, this information will lead them to make better financial choices. I’m not convinced.

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