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:

30
Oct
Colleges & Universities Providing Most Aid to Incoming Freshmen with Financial Need in 2018

According to LendEDU's third annual Student Loan Debt by School by State report, student loan borrowers from the Class of 2017 graduated with a daunting $28,288 of debt, on average.That figure is up by $313 from last year's report. Additionally, 58 percent of all graduates from the Class of 2017 at non-profit four-year colleges left campus with some [&hellip

Posted in: Study,
23
Oct
Trick or Treat: How Much Does the Average American Spend on Halloween?

While our level of involvement may differ, most of us will be taking part in Halloween festivities in some amount.For the youth, enthusiasm for Halloween begins in September when costume ideas start taking shape. Once it starts, the fun doesn't end until the candy-induced stomach ache kicks in roughly three hours after that last Twix.While young […]

Posted in: Personal Finance,
16
Oct
Traditional Investors Want Their Brokerage Accounts to Offer Cryptocurrency Investment Options

2017's cryptocurrency investment craze, synonymous with constant record-breaking days and a peak Bitcoin price of $19,783, was at its pinnacle almost a year ago.The pandemonium has died down since that time, with Bitcoin coming back down to Earth and settling in at a price around $6,500. But don't think that virtual currency is going anywhere anytime […]

Posted in: Study,
02
Oct
The Rise of eSports: Just How Big Can This Business Get?

Video games have been popular since the late 1970s, but for the longest time, the gaming community operated as its own little niche, dwarfed by more traditional sports and other forms of entertainment. With the advent of eSports, the same can no longer be said. Today, the eSports industry is in hot pursuit of leagues like the NFL […]

Posted in: Study,
25
Sep
Insurance Companies Using Big Data to Decide on Consumers? Only 15% Are OK With This

Whether it be Facebook determining what ads pop up on your news feed or Amazon analyzing how to get a package to your doorstep in the quickest way possible, data dominates decision-making in 2018.Big data has streamlined what were once open-ended questions into black and white processes by replacing subjective emotions with objective numbers and best gu

Posted in: Study,
11
Sep
LendEDU Survey: Large Lump Sum Payments May be Key to Speedy Student Loan Repayment

Despite being given a bad rap, the truth is that student loans can be incredibly useful for college students and are often the difference in obtaining a degree or not.With that said, the fun years of college, potentially made possible by student loans, inevitably lead to the not-so-fun years of repayment. Unless you happen to be one […]

Posted in: Study,
28
Aug
54% of Americans Own a Life Insurance Policy, But One-Third Not Exactly Sure How It Works

Although we all hope there is never a need for it, insurance can be invaluable if the unexpected happens. No one expects or desires an apartment fire, but renters insurance is nice to have at such a moment. Car crashes are quite unpleasant, but if you happen to be involved in one, having collision coverage as part […]

Posted in: Survey,
14
Aug
The Cost of JUUL: Is It Saving Smokers Money?

Lately, you may have probably seen people walking down the street with their hands covering their mouths, like they are communicating with the Secret Service, only to see a massive smoke cloud appear seconds later.Or, you might have noticed the abundance of tiny plastic pods that litter city sidewalks; real estate that once belonged to cigarette butts. […]

Posted in: Study,
07
Aug
Retirement vs. Coffee, Dining Out, Netflix & Many More: Where Do Millennials Put Their Money?

You can skip this part if you've heard it before: "Millennials are spending too much money on coffee, avocado toast, and fun and not enough on housing, cars, and retirement." Are millennials unprepared for life's important financial milestones like retirement? Or are we exceedingly under the microscope, subjects to the 24/7 news cycle? Were past generations 

Posted in: Study,
31
Jul
A Study of Seasonal Expenses: Do We Spend More During the Summer?

Who doesn't like the summer? Summer Fridays, days on the beach, vacations, weddings, the Fourth of July, and baseball are just a few of the innumerable reasons to love the warm months of June, July, and August.However, the extra events and everyday pleasures that go hand-in-hand with Summer lead to a jam-packed schedule. Consequentially, this general […]

Posted in: Study,