Mike Brown

In his role at LendEDU, Mike uses data, usually from surveys and publicly-available resources, to identify emerging personal finance trends and tell unique stories. Mike’s work, featured in major outlets like The Wall Street Journal and The Washington Post, provides consumers with a personal finance measuring stick and can help them make informed finance decisions.

Articles by Mike Brown:

11
Jun
Study: For Those Filing For Bankruptcy, Student Loan Debt Still Lingers On

With the help of exclusive anonymized data provided by Upsolve, LendEDU found that 32% of consumers that file for bankruptcy also carry student loan debt that is virtually impossible to successfully discharge. Within that group, student loan debt comprises 49% of their total debt on average.

Posted in: Reports, Student Loans,
04
Jun
Survey: Financial Goals for Americans Include Paying Off Debt, Saving for Retirement, & Building Emergency Funds

But will they ever be able to achieve those goals? In a survey of 1,000 adult Americans to identify their most important financial goals, LendEDU found that nearly 10% of them don't believe they will ever accomplish their number one financial target.

Posted in: Personal Finance, Reports,
21
May
Dirty Money: New Research Reveals the Filthiness of Our Cash, Cards, & Coins

Using a scientific device that tests for the amount of germs on a given surface, the team at LendEDU tested our debit & credit cards, cash, and coins to put some hard data behind just how dirty our money really is.

Posted in: Personal Finance, Reports,
16
May
Survey: Facebook-Created Cryptocurrency Would Bring in New Investors, Increase Marketplace Usage

In a survey on the heels of the Facebook-crypto news, LendEDU found that while only 7% of adult Americans have ever invested in virtual currency, 18% would be interested in investing in a cryptocurrency created by the social media giant.

Posted in: Investing, Reports,
07
May
Trying to Negotiate Bills? New Data Reveals Which Companies Are the Most Likely to Cut a Deal

Using exclusive data provided by Truebill, LendEDU has listed out the companies that are the most likely cut a deal with a customer and which companies cut the most off the bill after some tough negotiating.

Posted in: Personal Finance, Reports,
30
Apr
How Student Loan Debt Has Changed Over the Past Decade: By School and State

Analyzing financial aid data voluntarily-submitted by nearly 1,000 institutions that reflects both the 2007 and 2017 academic years, LendEDU was able to see how student loan debt has changed over a decade at both the school and state level.

Posted in: Reports, Student Loans,
16
Apr
58% of Millennials Actively Saving For Retirement; Average of $26,475 Saved

LendEDU's newest millennial study also found that few millennials are investing outside of their retirement accounts, with only 35% of older millennials (33-38) playing the market. But, those that do still strongly prefer traditional advisors over robo-advisors.

Posted in: Investing, Reports,
02
Apr
Survey: Millennials May Have a Serious Debt Problem

In a survey of 1,000 millennials, LendEDU found that many members of this generation carry all types of debt, a lot of it, and it was across all income levels.

Posted in: Personal Finance, Reports,
26
Mar
Study: Students Lose Confidence in Career Outlooks as They Progress Through College

A survey of over 7,000 college students uncovered concerning data regarding how colleges prepare students for the "real world."

Posted in: Personal Finance, Reports,