Study

26
Mar
10 Ways to Invest $10,000 | What Investment Opportunities Interest Each Generation?

In the United States, investing your money is a tradition that is nearly as old as the laws that govern the country. Trading at the New York Stock Exchange began in 1792, while the U.S. Constitution was effective in 1789. In the centuries since, investing strategies have adapted, and new investment vehicles have arose (J.P. Morgan Sr. might experience [

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22
Mar
The Physical & Social Impact of Credit Card Debt

A recent report found that U.S. consumers have hit a seven-year high in overdue credit card payments. Borrowers are now distressed on $11.9 billion in credit card debt. It's not exactly breaking news that Americans enjoy swiping their plastic, sometimes above their means. And racking up credit card debt you can't repay comes with obvious financial […]

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20
Mar
Student Loan Debt & Bankruptcy: Advanced Degree Graduates Most Supportive of Easing Policy

Student loan debt is the second largest class of consumer debt, yet it's notoriously difficult to discharge in bankruptcy. For student debt to be successfully discharged through bankruptcy, "undue hardship" must be proven. Examples of this might include a borrower living in extreme poverty, being unable to work, or having definitive proof that the student loans [&hell

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15
Mar
Student Loans vs. Social Security

According to LendEDU, the national student loan debt is at $1.45 trillion and is now the second largest class of debt in the United States. In 2014, Social Security's main program, Old Age and Survivors Insurance (OASI), ran a $39 billion deficit. By 2035, the Social Security OASI program is expected to reach insolvency. Both issues, student […]

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08
Mar
53% of Generation Z Student Debtors Believe They Will Be Aided By Student Loan Forgiveness

Today, when most people think of college students they think of millennials, but this is no longer true in most cases.​The torch of higher education has been passed down to Generation Z for quite some time now.  As of today, the oldest members of Generation Z are 23, putting them squarely in the college-age range […]

Posted in: Student Loans, Study,
06
Mar
Are We Too Hard on Millennials? Most Senior Citizens Say It’s Tougher for Younger Generation to Achieve Financial Well-Being

Millennials have been blamed for many of the financial woes in the United States.The largest living generation in the country has been accused of destroying the 9-to-5 workweek, marriage, vacations, homeownership, and department stores. Likewise, napkins, wine corks, soap bars, and diamonds have all reportedly fallen victim to millennials.So, are Americans between the ages

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27
Feb
Should Amazon Get Into Virtual Currency? Banking? Insurance? | LendEDU Survey

In 2018, you would be hard-pressed to name a company more relevant to society than Amazon.What started as an internet bookstore has evolved into the world’s largest e-commerce retailer, a cloud computing company, an original content producer, and an online grocer, amongst other things.At the time of writing, Amazon was trading at $1,516.19 per share […]

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22
Feb
Breaking Down the Impact of Trump’s Tax Plan By Race & Gender

Last week, LendEDU published the results of a survey in which we polled 1,000 Americans who reported that their take-home paychecks had increased as a result of President Trump's Tax Cuts and Jobs Act of 2017. As a result of the new tax law, the U.S. Treasury projects that 90 percent of Americans will receive more […]

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14
Feb
Monthly Paychecks Rise $130.76 After Tax Plan Changes | Survey & Report

Americans’ monthly paychecks have increased by an average of $130.76 in February due to the new 2018 tax plan changes, according to LendEDU’s newest survey. As a result, Americans are largely supportive of the plan and more financially confident.As a result of the Tax Cuts and Jobs Act of 2017, the federal tax withholding tables […]

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13
Feb
Do Student Loan Borrowers Understand Loan Fees? | LendEDU – NASFAA Collaborative Study

Even though student loan debt has climbed to an all-time high in the United States- with over $1.45 trillion outstanding - Americans somehow still have a limited grasp of the industry. A LendEDU poll of student loan borrowers, a cohort that should know the subject very well, found that half of them believed their student loans w

Posted in: Student Loans, Study,