Reports

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LendEDU's third annual study also included price comparison research that found consumers can save a good chunk of money by shopping for Halloween on Amazon rather than Walmart.

LendEDU compared each generation's average monthly budget and found boomers spend a lot on credit card debt, while millennials save quite a bit for retirement despite larger student loan payments.

The survey of 1,000 recently-hitched Americans also found that some have missed debt payments associated with their wedding, while others that used debt to finance their ceremony ended up getting divorced shortly after.

Using exclusive applicant data provided by student loan lender Funding U, LendEDU found that a solid proportion of student loan borrowers will probably face a serious debt-to-income problem.

Key Takeaways: 42% of respondents are planning to spend less and save more due to recession fears 32% of respondents reported having no money in an emergency fund and 55% of respondents reported having $1,000 or less. The median amount was $712. 37% of respondents believe their finances are too weak to withstand a recession […]

In part two of a study about millennials, mortgages, and homeownership, LendEDU found some revealing trends about why many millennials aren't homeowners yet.

LendEDU surveyed 1,000 American pet owners to ask them about their spending for their pets and how it affects their personal finances. 20% of respondents have gone into debt caring for their pet at an average of $1,566.96.