Earlier this week, investment advisor Wealthfront named Credit Karma to its annual list of ideal companies for people to start their careers, based on a survey of partners from leading VC firms. It’s exciting to see our commitment to a consumer-driven business recognized alongside other prestigious companies.
With student loan debt increasing by over $3,000 per second in the USA and the price of a college degree rising over the last 30 years at more than three times the rate of inflation, when they’re thinking about which universities to attend, students today are looking out at a much different economic landscape than their parents.
As the election campaign heats up on each side of the aisle, student loans have become a central issue. In 2003, Americans held over $250 billion in student debt. Today, it's almost $1.3 trillion. According to MarketWatch, student loan debt in America is increasing by over $3,000 every second.
Since its original launch in 2008, the Credit Score Simulator has been one of our most popular features with Credit Karma members. In light of that popularity, we’re excited to announce we’ve launched a new version of the Credit Score Simulator – better and more helpful than ever before.
I first met Mayor Ed Lee at a networking event for entrepreneurs three years ago, when Credit Karma was a much smaller company. As a newer CEO then, I was just looking for anybody to tell our story to. Meeting the mayor, I was immediately impressed by his ability to listen and to hear our visions and concerns as San Franciscans and entrepreneurs.
This month The Silicon Valley/San Jose Business Journal and the San Francisco Business Times named Credit Karma as one of the San Francisco Bay Area’s healthiest employers. This is the second consecutive year the publications have honored Credit Karma’s employee-driven wellness program “Happy is Healthy” among its top mid-sized companies.
Consumer debt levels keep hitting all-time highs. But Credit Karma data looking at average consumer debt for our more than 40 million members shows there are still some cities where borrowing isn’t spiking so high.
Consumer debt breaks down into a few different areas. People can borrow to study, buy a home, finance a vehicle, or make everyday purchases. An analysis of Credit Karma data from our member base of more than 40 million consumers reveals the 15 cities in the US where our members have the highest average amounts of consumer debt.
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Editorial Disclaimer: Content on the Credit Karma Blog is for entertainment and information purposes only. The opinions expressed on the blog are those of the authors themselves, and not necessarily Credit Karma or its affiliates. However, Credit Karma may be compensated by companies mentioned in the Credit Karma Blog through advertising, affiliate programs or otherwise. It is this compensation that enables Credit Karma to provide its members with services like free access to your credit scores and free monitoring of credit and financial accounts at no charge.