Debt has soared to record levels for older Americans, and it isn’t just because of mortgages Alessandra Malito, MarketWatch The financial crisis hit many Americans hard, but for seniors, the present is even worse. Americans in their 60s held $2.16 trillion in debt during the second quarter of 2019, just short of the record $2.17 trillion they had during the first quarter, ... Read More
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Elizabeth Myong, CNBC Rep. Joyce Beatty, D-Ohio, questioned Facebook’s David Marcus on how he will educate the 1.7 million unbanked people Libra plans to reach.Beatty said she is concerned about the lack of financial education for the unbanked and underbanked, who might not understand how Libra works.Rep. Ayanna Pressley, D-Mass., also expressed her concern about the lack of representation in ... Read More
Jeff Rose, Forbes I wasn’t too surprised when personal finance website GOBankingRates recently released a survey that found that 73% of Americans haven’t had conversations with aging parents about their finances. After all, most people are too busy trying to figure out their own finances to think about having money talks with their parents. What did surprise me, though, was that 22% of the ... Read More