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.
Educating consumers about the ins and outs of their student loans and the rights they have will help them start to take control back. Student loan debt can make people feel powerless. Missed payments and defaults have long-term negative impacts for borrowers. It is important that borrowers know the nitty-gritty details of their loans, their interest rates, their payment terms and any potential grace periods they might have. Let's demand more support for financial literacy.
This new simulator lets people see what might happen to their credit score in different scenarios, using real credit report data and the real-time connection of a major credit bureau.
In a visit to the Credit Karma offices, Mayor Ed Lee illustrates his work to keep top talent in San Francisco. The way the city of San Francisco blends social values with city business is any in many ways similar to what we’ve tried to build on a smaller scale at Credit Karma: a company that listens to all of its employees and also mixes doing business with a mission to make life better for our members.
he 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.
It’s hard to afford college without student loans. According to the Institute for College Access & Success, 69 percent of graduates from public and nonprofit colleges had student loan debt. Credit Karma data from our member base of over 40 million consumers shows the 15 cities where the highest percentage of members had student loans.