A recent study showed that car ownership was declining in America, but with over 90 percent of households still owning a vehicle, it clearly still plays a major role in most people’s daily lives. Millennials are more likely to be interested in things like ridesharing than older generations, but a large number of them are still buying cars.
Credit Karma was recognized as one of the winners of the eighth annual Glassdoor Employees’ Choice Awards, a list of the Best Places to Work in 2016.
There’s a prevailing cliche that exists about Millennials: they’re prone to living beyond their means, credit-illiterate and slightly irresponsible, enjoying the spend-now, consequences-later era of their early youth. New data shows that may not be true.
We launched Credit Karma’s product in early 2008 to give consumers free access to their credit information that had until then been difficult or costly to access. It was our hope that we could equip consumers with the information they needed in order to thrive financially. Credit scores were too important to a consumer’s financial wellbeing to be locked behind expensive subscription models.
According to an FTC study, one-in-four consumers have an error on their credit report that could affect their credit score. A credit report error, such as a fraudulent account or incorrect account details, can have a powerful impact on a consumer’s financial health. These errors can affect everything from the terms and rates a consumer is offered on credit cards to their ability to rent an apartment. Credit Karma's new Direct Dispute can make correcting those errors as easy as clicking a button.
Owning a home is a hallmark of American life. People often chase the ideal of having a house, a vehicle and a grill they can use during cookouts with friendly neighbors. There’s just one problem, according to Zillow home prices have been rising steadily since 2012, with many buyers also held back by stricter lending standards in the market since the housing crash in 2007.
Denying someone a job because of those negative marks is only placing a further financial burden on them. It is the wrong decision to make, and it’s only making it harder for those in need to help themselves.
Despite all of the reports to the contrary, a new survey from Credit Karma shows that millennials still value and desire owning a home. Ninety-two percent of Millennial couples we spoke to plan on buying a house. Having their own home factors in huge in how Millennials measure their own financial progress in life: 83 percent saw it as an essential part of what defines financial success.
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.
A new survey by Credit Karma confirms that the cost of higher education has increased massively in America. Millennials were almost two-and-a-half-times more likely than Baby Boomers to have paid $30,000 or more for their education (47 percent to 19 percent), and more than three times as likely to have paid $60,000 or more. Almost 1-in-8 Millennials said that they had borrowed $50,000 or more to pay for their education.