January 21st, 2016
At Credit Karma, we define a “Credit Fumble™” as being the phenomenon where young adults, new to credit and many without any financial education, make largely avoidable financial mistakes. When we finished our recent research into this pattern, even we were surprised to find out that more than two-thirds of young adults we surveyed experienced at least one Credit Fumble before they turned 30.
October 22nd, 2015
It’s a well hashed-out narrative in the media today, which deepens with every new home sales report: the average age of first-time homebuyers is rising as Millennials face several obstacles in their path to home ownership.
October 5th, 2015
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.
September 12th, 2014
According to the Conference Board Consumer Confidence Index, consumer confidence improved for the fourth straight month in August. The new confidence total is the highest the monthly index has found since October 2007, indicating a growth in positive financial sentiment across the United States.
July 2nd, 2014
When you think of the great centers of American economic growth, the Great Plains states don’t necessarily jump to mind. It might be time to change that thought process, though. Look out Wall Street, here comes North Dakota.
June 24th, 2014
A recent study by finance site MoneyRates.com analyzed average salaries, employment rates, cost of living figures and workplace conditions in order to determine which U.S. states are the best to live and work in. Their findings include plenty of regional variation, as well as a big gap between the best performers and the worst.
June 19th, 2014
Starting with a large dip in early 2008, the U.S. economy lost over 8 million jobs through the next two years. Four years after that low point, however, the job market is starting to look healthy again, with a new jobs peak and unemployment down to just 6.3 percent after a high point of closer to 10.
June 17th, 2014
For many college graduates, commencement is not only a time to reflect on all of their hard work over the past four years, but also a reminder that reality is waiting on the other side of the stage. In addition to the threat of a weak job market where 44 percent of recent graduates work in positions that don’t require a college degree, this reality includes the burden of student loans.
June 12th, 2014
In the eyes of many economists, the housing and mortgage crisis of the late 2000s is in our national past. According to a recent survey by the John D. and Catherine T. MacArthur Foundation, however, a large majority of Americans don’t feel the same.
November 15th, 2011
As if the economy hadn’t beaten us down enough. A new report from the Pew Center shows adults younger than 35 have a lot less money than their parents did at the same age. Specifically, in 1984, an adult aged 35 and younger, had an average net worth of $11,521. Nowadays? An adult that age has an average net worth of $3,662.