Boomers and Debt
Debt is not something to take lightly. Patterns in debt and the type of debt that an older generation is finding itself in has changed over the past few years. In fact, it seems that Boomers are more in debt than they were 13 years ago.
Finance Tips for New College Grads
Graduating college is a momentous life event that should be celebrated. It marks the end of a chapter, and the beginning of many new ones. It also marks the entry of many young adults into the workforce and new opportunities.
Boomers Saddled with Rising Debt Face a Tough Retirement
The patterns and type of debt amongst older Americans has changed significantly over the past few years. According to the Federal Reserve Bank of New York, the average 65 year old borrower has more debt than 65 year olds had in 2003.
FINRA Study Reveals Millennials Lack in Financial Capabilities
Given the financial challenges millennials face, the ability to make well-informed and effective financial choices is important for them. A FINRA National Study suggests that younger Americans lack the financial knowledge to make well-informed decisions and that they engage in behaviors that are detrimental to their financial health.
Millennials and Retirement
It seems that Millennials have been getting a bad reputation and they dont deserve it. The common view of the next generation of young adults is that they are attached to their phones or mobile devices and have no idea about the real value of money. Many articles mention that Millennials are not saving for the future and, in fact, could be facing a bleak financial future.
5 Top Finance Tips No Matter Your Age
Whether you are in college or even about to retire, there are a few things that you should be doing to make sure you are financially safe and secure. The following pointers are things that can be done by anyone who wants to make sure that they have control of their finances, both in the present and looking towards the future.
Financial Lessons for College Students
Almost 2 million students are expected to graduate this year, and according to some reports they will be entering a very positive job market. Along with many other freedoms graduates will experience once they end their school career, they will also have to manage their own finances, probably for the first time.
Millennials Most Common Money Mistakes
Although young Americans who graduated this year are better off than their older siblings, they are still feeling some effects of the Great Recession. One thing they are doing right is starting to save earlier than previous generations, but their biggest money mistakes are not saving enough and holding what they do save in cash.
FINRA Study on Emotions & Financial Fraud
This week is National Fraud Awareness Week, and according to the Investor Protection Trust, almost one in five Americans over the age of 65, or nearly seven million seniors, have been taken advantage of financially. A recent study from Stanford University, FINRA, and AARP revealed that inducing strong emotions has an effect on older adults financial decisions.
More Americans Working After 70
Traditionally, the retirement age in America is 65. The American Dream was all about working hard for 40 years and then relaxing and enjoying life for the next decade or two. According to the AARP, that is changing.