Overdraft protection is doing little to protect the best financial interests of young consumers and is forcing many to leave the banking system, Pew research has found. The research, which surveyed 304 “heavy overdrafters” in 2014, found that they were likely to incur about $35 per incident or...
For all the shifting financial sands retailers sit atop, there are still some ironclad rules of economic reasoning – when prices are low, consumers ought to buy more. When they’re high, well, it’s better to hope it’s not by too much. Fortunately, that’s the news...
The New York Times reported that banks are getting into the check-cashing game, charging fees for the service. The publication reported that this has been a sea change for lenders, now getting into an arena that has traditionally served lower-income people or the unbanked and...
This year more than most, bombastic speeches about wealth inequality and the shrinking middle class seem more like rhetorical props than actual issues in the real world. More often than not, the discussions revolve around economic redistribution as some kind of zero-sum game between the...
Student loan debt — it’s an issue in the halls of academia across America, in the halls of power on Wall Street and even on the presidential campaign trail. However, few people ever stray beyond the talking points of “Debt bad; Degrees good!” and, as...
Homes might not have been a great investment seven or eight years ago, but now that the housing market has more or less stabilized, homeowners looking to get to work on that new addition have even more help on the financial front. Prosper Marketplace and...
If it stands to reason that economies don’t develop at the same rates, then it should follow that the consumers in those economies also experience fluctuations to their confidence in larger markets. It should also follow that the countries that have seen impressive growth over...
For all the johnny-come-latelies who spend the hours before midnight on April 17 scrambling to submit their tax forms, there are millions more Americans who are sitting pretty with their tax refunds already in hand. It’s a peculiar part of tax season. Nobody likes handing...
An increasing number of Americans are moving towards relying on FinTech services to improve their financial well-being, research has found. With as many as 60 percent of Americans showing willingness to improve their lack of financial stability, more of them are relying on technology to...
