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Nearly Half of Millennials Turn to Parents for Financial Support
Many Millennials entered adulthood during the wake of The Recession, creating a less-than-ideal financial footing. Combine this with a high cost of living and rising education expenses, and it’s no...
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Millennials Are the Driving Force behind Record-High FICO Scores
According to Experian’s newly-released Consumer Credit Review, Americans now have an average credit score of 703. Over 59% of consumers report a credit score above 700, the highest volume in recorded...
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LowCards.com Weekly Credit Card Update–January 24, 2020
Cash, Plastic or Hand? Amazon Envisions Paying With a Wave Amazon wants to make your hand your credit card. The tech giant is creating checkout terminals that could be placed in bricks-and-mortar...
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Millennials Significantly Increased Their Savings Last Year
According to the latest Better Money Habits report from Bank of America, Millennials significantly increased their savings in 2019. Among adults age 24-41 with money in savings, 24% have over $100,000...
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Nearly Half of Six-Figure Earners Feel Burdened by Debt
Income is a contributing factor to debt repayment, but having a high income doesn’t necessarily negate debt. According to a new LendingTree study, “47% of six-figure earners feel burdened by debt.” In...
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Millennials Are Indeed Saving for the Future
Millennials are often considered the “need it now” generation. But despite a reputation for impatience, this group of 20- and 30-somethings is surprisingly focused on the future. According to a new...
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Why Many Americans Believe They Will Never Get Out of Debt
Debt is an obstacle in the lives of many Americans, but for some, it is a lifelong burden they can’t overcome. According to a new study, 29% of Americans believe they will never get out of debt. When...
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Millennials Say Sharing Credit Card Rewards Is a “Relationship Perk”
First comes love. Then comes marriage. Then comes…shared credit card rewards? In honor of Valentine’s Day, Wells Fargo conducted a study to see how Millennials view credit card rewards within their...
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Half of Millennials Are Spending Above Their Recommended Credit Limit
Millennials have lower average credit scores than older generations, and a new study reveals certain spending habits that could be major factors. Research from TD Bank shows 32% of Millennials don’t...
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Millennials Feel Uncomfortable Performing Online Financial Tasks On Their Own
A new study from Primerica reveals Millennials are less likely than other generations to feel confident completing personal financial tasks online. Gen Xers (adults age 35 to 49) felt the most...
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