A new study from BankRate.com has found that 63% of Millennials in the U.S. – those between the ages of 18 and 29 – don’t have a single credit card.
I’ll admit: I was initially surprised by this new data. At first blush, I wouldn’t have guessed that young adults would be opting out of credit cards in such high numbers.
But upon deeper inspection, there are a number of things that explain what’s going on, as I explained during a recent appearance on this topic on CNBC.
A reader on AskTheMoneyCoach.com wants to know what to do about debt she can no longer afford to pay due to the loss of the family’s primary breadwinner. [continue reading…]
Hackers have victimized tens of millions of Americans lately by stealing personal information ranging from credit card accounts to Social Security numbers.
With such information, a hacker or identity thief can open new loans or accounts in your name, file a fraudulent tax return, or even empty your bank accounts of cash.
Unfortunately, there have been numerous high-profile data breaches at a wide range of well-known corporations and organizations, including Home Depot, Target, Best Buy, J.P. Morgan Chase, and even Goodwill, the non-profit that accepts donations and sells second-hand clothing through its stores.
While consumers don’t have much say-so over how well companies and organizations store personal data, you do have plenty of control over how well you protect your own mobile devices and data stored on the cloud. [continue reading…]