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Most everyone knows that student loan debt is on the rise. But what many might not understand are the far-reaching consequences of that rising debt. A recent study published by the Federal Reserve studies the link between rising student debt and the drop in homeownership amongst young Americans. We examine the study’s findings and how this might affect today’s young adults.
How are today’s young adults feeling about their current and future financial success? Turns out, they’re pretty optimistic. But is that optimism misguided? We break down the results of a recent Schwab survey to identify areas where young adults might need a dose of reality.
You’ve got one thing other generations wish they still had – time. Here’s how to make the most of your working years.
Everyone knows that the choices we make today affect us down the road…but that’s especially true with our money habits! They key is to change your mindset about money and be realistic about what you need to do to secure your financial future.
To consolidate, refinance, or do nothing? The answer is not simple. It’s based on everyone’s unique situation—type of debt (federal or private), current interest rate, income level, occupation, estimated payoff timeline, etc.