Millennials May Be Overstating Their Financial Literacy
Millennials may have a false sense of confidence about their personal finances according to a new report from Bank of America and USA Today. Even though two-thirds of Millennials said they have good...
View ArticleAmericans of All Ages Facing Financial Challenges
A new study reveals that Americans of all ages are facing significant financial challenges in both the present and the future. Millennials, Generation X and Baby Boomers each face their own "pain...
View ArticleMasterCard’s “In Reach” Program Helps Millennials Reach Career and Financial...
In an effort to improve the financial literacy of upcoming generations, MasterCard has created the "in reach" program to teach Millennials how to better manage their money and their careers. The...
View Article36% of Millennials Have Never Owned a Credit Card
Millennials are sometimes viewed as the most irresponsible generation when it comes to finances, but new research suggests they may not be quite as careless as perceived. A recent study from Princeton...
View ArticleMillennials Turn to Prepaid Cards for Budgeting
Millennials are looking to new ways to keep to their budget and avoid debt. According to a new survey from TD Bank, this generation is more likely to give themselves an allowance or hide cash to avoid...
View ArticleMillennials Have Lower Credit Scores than Other Generations
Millennials have the lowest average credit scores of all generations, according to a new study from Experian. The group of 18 to 34-year-olds had an average score of 625, while Generation X (35-49)...
View ArticleMillennials Are Stressed About Money, But They Are Saving
A recent report found that 84% of Millennials are confident about money and are focused on their finances, but they're also experiencing a lot of financial stress. In fact, 41% reported feeling...
View ArticleLenny and Dwolla Combine to Help Millennials Get Credit
Today, Lenny, a micro lending mobile application focused on Millennials, and Dwolla, a bank transfer network, announced they are joining forces to create a micro lending program to help potential...
View ArticleMillennials View Their Finances in Some Surprising Ways
The Capital One Millennial Mindset on Money Survey revealed some surprising information about how finances impact decisions for Millennials. 13% of respondents said that being bad with money is a deal...
View ArticleLowCards.com Weekly Credit Card Update–December 11, 2015
Costco Earnings Hurt by Credit Card Switch Costco's breakup with American Express is exposing a behind-the-scenes revenue source for retailers that promote co-branded cards: finders fees. After 16...
View ArticleLack of Financial Literacy Holding Back Millennials
Inadequate financial knowledge has put many Millennials in dire financial circumstances, according to a survey conducted by PricewaterhouseCoopers (PwC) and George Washington University. In fact, when...
View ArticleLowCards.com Weekly Credit Card Update–June 24, 2016
Millions of U.S. Consumers Are Escaping Subprime The percentage of Americans with subprime credit scores has fallen to the lowest level in more than a decade, a development that could give bank lending...
View ArticleLowCards.com Weekly Credit Card Update–July 22, 2016
More Americans Are Paying Off Their Credit Cards Every Month Americans have developed better credit card payment habits over the last few years, according to a new study from the FINRA Investor...
View ArticleConsumers Attribute Better Credit Behavior to Checking their Credit Score
Frequently checking your credit score could help you develop better financial habits, according to a survey by Discover that was released today. 73% of those who check their credit score regularly...
View ArticleMillennials More Likely to Switch Banks
Millennials are two to three times more likely to change to a new financial institution than people in other age groups, according to a new FICO survey. Participants between the ages of 25 and 34 were...
View ArticleLowCards.com Weekly Credit Card Update–September 30, 2016
Green Dot to Begin Offering Secured Credit Cards Green Dot Corp., one of the nation’s largest providers of prepaid debit cards, is moving into the credit-card business. The company said it would start...
View ArticleMillennials Lose Interest in Credit Unions as They Age
Millennials lose interest in credit unions as they get older, according to a new survey from FICO. 20% of Millennials age 18-24 said they use a credit union for their primary financial institution, but...
View ArticleTalking to Kids About Money Rated More Valuable than “The Birds and The Bees”
Talking to your kids about money is now rated as important by 96% of parents, an even higher percentage than talking to them about the birds and the bees (89%). This has led their Millennial children...
View ArticleOnce Millennials Are Denied Credit, They May Not Be Back
Millennials may give up on obtaining credit once they’ve been declined. In fact, 6 in 10 will not apply for credit for at least a year following a denial, according to a recent study from ID Analytics....
View ArticleLowCards.com Weekly Credit Card Update–November 4, 2016
Subprime Credit Card Surge Pushing Up Missed Payments Credit card lending to subprime borrowers is starting to backfire. Missed payments on credit cards that lenders issued recently are higher than on...
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