There is plenty of debate about when parents should stop providing financial support to their children, and it’s not always easy for them to know when to draw the line. Many parents feel a sense of duty and empathy towards their children as they struggle to find their financial footing. However, doing so can have […] Continue reading
It’s time to say farewell to 2023 and all of the financial turbulence that came with it. As we near the end of the year, there’s no better time for Americans to reflect on the past 12 months and make a plan for their finances in the new year. According to a recent survey conducted […] Continue reading
Traveling home for the holidays comes at a cost, especially for young Americans trying to navigate a challenging economic environment plagued by high interest rates, stubborn inflation, all-time high credit card debt, a declining U.S. savings rate, and the return of student loan payments. As a result, many are having to stay put and forgo […] Continue reading
It’s been a banner year for entertainment with tours from some of the world’s biggest artists, including Taylor Swift and Beyonce, drawing millions of fans to their shows – but at what cost? Live shows come at a time when entertainment prices are on the rise and consumers are grappling with all-time high credit card […] Continue reading
The Supreme Court’s decision to strike down President Biden’s plan to forgive a portion of federal student loan debt for nearly 37 million borrowers means those borrowers will need to resume monthly payments after a 3+ year hiatus. This is grim news for American student loan borrowers who don’t feel confident in their ability to […] Continue reading
Homeowners and prospective homebuyers are left on the sidelines as mortgage rates near the highest point in more than two decades. To combat rising rates, many existing homeowners are willing to consider staying put – perhaps especially those who were able to secure record low mortgage rates during the pandemic. Right now, nearly three quarters […] Continue reading
The housing market has been in an ongoing state of turbulence, resulting in an affordability crisis that is likely keeping many prospective buyers on the sidelines. As buyers face decades-high mortgage rates, many Americans are met with concerns that they’ll never be able to afford a home, while others are making sacrifices to achieve the […] Continue reading
More than a quarter of Gen Z don’t think higher education is worth the expense. Nearly half of Gen Z respondents feel uncomfortable with the notion of taking on student loan debt. Meanwhile, Gen X+ is still paying down debt – ~4.8 million Credit Karma members over the age of 45 have outstanding student loan […] Continue reading
Nearly 30% of Gen Z between the ages of 18 and 25 still live at home with parents or relatives 32% of zoomers spends half of their monthly income on housing (rent/mortgage) 28% of Gen Z are unable to save money right now It’s an expensive time to be alive, and that’s putting it lightly. […] Continue reading