Recent News

College Graduate Budget Computer

College Graduates Should Budget (And Save!) Right Away

When Ryan Dwyer received his undergraduate history degree from the University of South Florida in 2016, he felt a sense of accomplishment. His hard work had paid off with society’s definition of the ticket to a brighter future. But the degree has simply given him entree into another realm of much harder work: grinding through […]

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Piggy bank with stethoscope and clip board

FINRA Study Says (Some) Americans’ Financial Health Improving

American consumers say they are having an easier time paying bills and are feeling much less stress over their financial situation than they were in 2009… unless they happen to be a Millennial, a woman, Hispanic, African-American, or less-than-college educated. The 2015 National Financial Capability Study (NFCS) released by the Financial Industry Regulatory Authority (FINRA) […]

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Interest rates will not budge

Interest Rates Probably Not Budging in 2016

During Alan Greenspan’s nearly 20-year reign as Chairman of the Federal Reserve, commentators used to look at the heft of the briefcase he carried to meetings to guess whether interest rates were about to rise or fall: thin case, no change; fat case, brace yourselves. Greenspan left the Fed in 2006, not long before the […]

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CFPB changes rules regarding payday loans

Payday Loans Face Tough Rule Changes from CFPB

The Consumer Financial Protection Bureau has proposed new rules aimed at putting more responsibility on payday loan lenders and their crippling triple-digit interest rates. The CFPB proposals would require lenders to determine before making a loan whether the borrower can afford to pay it back. The CFPB proposals also call for measures that cap the […]

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How well are students keeping up with their student loans?

Who’s Paying For Student Loans

Now that the college graduation parties are over, parents and students can sit down and have a serious talk about who’s going to pay for it. College, that is, not the parties. The cost of college and how families are paying for it, has dimmed the celebration that should accompany receiving a diploma. Some people […]

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American families are having trouble with understanding finance

Financial Literacy a Tough Test for Most Americans

The latest trends in spending and debt indicate that America already has forgotten any lessons we might have learned when the bubble burst on the U.S. economy in 2008. The reputable and renowned Pew Charitable Trust says that 80% of American adults are in debt and the Federal Reserve Board says the amount we owe […]

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Auto Sales Slow Because of New Legislation

New Legislation May Slow Record-Breaking Car Sales

Analysts predict record-setting sales for the automobile industry over the next year, though feuding between government leaders over whether discrimination exists in car financing could slow things down. WardsAuto Dealer Magazine says that new car sales will reach a record-high 17.8 million in 2016. The previous record was 17.4 million cars sold in 2000. Car […]

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myRA Account is my retirement account

MyRA Account Starting Point For Retirement Savings

The United States government is opening the door to retirement savings for the millions of Americans who have nothing invested there, but a word of caution if you go inside: There’s not much to see. The federal government is offering a retirement account – called myRA – that has no fees, no minimum balance, no […]

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Student-Cap-on-Money

Borrowers Get Another Way To Repay Student Loan Debt

The U.S. Department of Education (DOE) announced it was imposing regulations to prevent colleges from steering students to specific debit and prepaid cards for use with federal grant and loan money. The DOE also said that it was dramatically improving payback opportunities for the 43.4 million Americans who have student loan debt. The DOE will […]

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Jar full of coins intended for a 401K savings plan

Employers Up The Ante On 401k Plans

There is a new twist on the ages old discussion about how much is needed for retirement savings: Employers – not employees! – are taking the initiative. The Vanguard Group, an investment management company, said that 36 percent of the companies it works with have implemented plans that automatically enroll their employees in the 401(k) […]

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