More Than Finances

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People Less Concerned About Identity Theft Than In The Past

New Survey Shows Complacency About Identity Protection

Identity theft, credit security tips, identity theft prevention

According to Javelin Strategy and Research, identity theft has risen for four consecutive years. Approximately 16.7 million people were victims of identity theft in 2017, accounting for $16.8 billion in losses. Given constant news stories about security breaches, there’s no indication that 2018 will break that trend.
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Will Trump Make It Harder to Discharge Student Loan Debt?

Bankruptcy Rules Might Go Up for Review

Is Trump Making It Easier To Get Out From Student Loan Debt?

According to the G.19 Consumer Credit Report recently released by the Federal Reserve, America’s total student loan debt has topped $1.5 billion – and we are having trouble paying off that debt. At of the end of 2017, a whopping 11 percent of student loans were either ninety days delinquent or in default.
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Why Aren’t 529 Educational Savings Plans More Popular?

Why aren't 529 educational savings plans more popular?
How do you plan to fund your children’s education? You’re probably counting on scholarships and grants, right?

Reliance on scholarships and grants is the highest in a decade, while college savings is on the decline, according to a new report from Sallie Mae.

Savings covers less than one quarter of collegiate funding for the typical family. As a result, one of the strongest educational savings programs – 529 plans – is being underutilized.

Low Utilization

Only 13 percent of families used a 529 plan during the 2016-17 school year.
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Card Balances Drop While Consumer Credit Growth Slows

Card Balances Drop While Consumer Credit Growth Slows

A new government report provides both good news and bad news about America’s massive consumer debt load.

The bad news: America’s total consumer debt continues to rise.

According to May’s G.19 Consumer Credit Report from the Federal Reserve, combined (revolving and nonrevolving) outstanding debt rose by $11.7 billion in March to reach $3.875 trillion – continuing a string of monthly debt increases that goes back to January 2016.

The March increase equates to a 3.6 percent annualized debt growth.
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