Your kids like Credit cards too

Younger generations are widely thought to be averse to credit, but according to recent data from Experian, the tides might be changing.

Highlights:
1. Millennials (ages 23 – 38) carry an average credit card debt of $4,712, a 7% increase in the past year.
2. Generation Z (ages 18 – 22) carry an average credit card debt of $2,057, an 11% in the past year.

Both are still lower than the national average of $5,474, but quickly making up the deficit – increasing debt faster than other age groups.

More information and analysis coming soon at MikeaboutMoney.com

Job Seekers – Beware spam viruses — MICHAEL

Job seekers across the world who utilize any online services for posting resumes and contact information are at great risk for being targets of computer viruses delivered via email. When a person is aggressively looking for work, any email that comes in which has the appearance of a job opportunity and/or interest from a potential […]

via Job Seekers – Beware spam viruses — MICHAEL

Cut the Cable TV Cord and save real money every month

There are lots of people moving from Cable TV subscriptions to Streaming TV. Maybe some of your friends and family have already “cut the cord.” Is it possible to leave your cable TV provider, continue to enjoy all the Television channels you currently watch…and save money? Read the article at MikeaboutMoney.com.

New Debit Card Options from Paypal – Is it safe?

PayPal will be expanding its in-store payment offerings this year, now offering users the ability to deposit money onto a prepaid debit card or use their service via a partnership with Samsung Pay.

This makes paying for goods easier for consumers, especially the so-called “un-banked.” But, are Debit Cards a secure way to complete transactions? You may be surprised at the answers. Read more here at MikeaboutMoney.com.

 

No Consumer access to complaints about Banks?

The acting director of the Consumer Financial Protection Bureau says he wants to cut off public access to a database of consumer complaints about banks. Mick Mulvaney told the American Bankers Association the agency should not be running a “Yelp for financial service companies.”

 

What do you think?

 

Read more about personal finance at Mikeaboutmoney.com