August 25th, 2014
According to a recent Gallup poll, students with $50,000 or more in student debt fall short of those with no debt in three key areas of well-being: financial security, physical health and sense of purpose. The study surveyed more than 11,000 people who graduated from college between 1990 and 2014 to ask whether they felt they had purpose to their lives, supportive relationships, financial security, a sense of community and physical health.
Graduates with no debt were 15 percentage points better in financial security, 10 points better in physical health and 9 points better in sense of purpose than graduates with more than $50,000 in debt.
August 22nd, 2014
The U.S. Department of Education recently proposed changes to the PLUS loan program that would relax credit standards for potential borrowers.
August 21st, 2014
A collection of financial tips and advice from our readers.
August 1st, 2014
Recent news about the state of the housing market is good, but not great. One big, positive takeaway, though, is the sharp decrease in foreclosures and, correspondingly, in “distressed” housing sales.
July 29th, 2014
Credit Karma member Dan found that his credit reports contained errors. Disputing the incorrect information helped him to improve his credit health.
July 21st, 2014
Each month, Bankrate’s Financial Security Index attempts to capture the American financial climate. The biggest, and most concerning, takeaway from the June survey is that half of Americans have no more than a few months’ expenses saved away.
July 11th, 2014
Traditionally, retirement is viewed as a time of leisure, rest and relaxation. After working for 30 or 40 years, retirees expect to take a load off and do things that they enjoy. Now, though, more and more people are choosing to continue working after retirement.
July 9th, 2014
It’s no secret that the nature of retirement is changing. In the wake of recent economic turmoil and in the context of concerns about the health of our Social Security system, it wouldn’t be too surprising to find many Americans feeling pessimistic about their retirement plans. The results of a new survey, however, might be cause for some optimism.
July 9th, 2014
Leah’s credit awakening happened at a critical time – while she and her husband were obtaining the mortgage for their first home, a cozy bungalow in Atlanta. Although Leah thought she had a great relationship with credit, she was alarmed to find that she actually didn’t have a score that would qualify her and her new husband for the best possible mortgage rates.
July 3rd, 2014
In honor of the start of summer, we decided to make the housing market the subject of our latest infographic. Check it out for details on average mortgage sizes and a glimpse at how widely the market can vary based on region.