America Saves Blog
Tips, advice, and the latest news from the savings world.
by Dena Wise, Ph.D., Professor & Consumer Economics Specialist, The University of Tennessee Extension
Students face a hard lesson after graduation. As a young person, debt penalizes you in two very critical ways. First, it limits your ability to invest for your future during the time when that investment can really pay off. Money invested when you’re young has the potential to compound over your working life, and every dollar you pay to reduce your debt is a dollar that can’t produce earnings invested for your future. The second way a heavy debt burden can hurt your financial future is by forcing you into the subprime lending market where you will pay higher interest for long-term home and auto loans.
Each week, the Consumer Financial Protection Bureau (CFPB)’s Consumer Complaint Database receives thousands of complaints about financial products and services from people like you and me and sends them to companies for response. Just this past June, the CFPB released a major improvement to this consumer complaint database, making the underlying stories available for the general public to review.
The cost of college is continuing to rise at a steady rate, though that should come as no surprise. Our nation’s anxieties and fears about affording college have become so common place that it’s become evident in our Google searches. As the Forbes article posted just this week reveals, data collected from Google shows that the frequency of searches for variations of the phrase “college cost” has doubled in the past decade. But there is good news.
By the Securities and Exchange Commission's Office of Investor Education and Advocacy
The Securities and Exchange Commission’s Office of Investor Education and Advocacy (OIEA) is issuing this Investor Alert to warn investors that fraudsters may misrepresent their backgrounds and experience to lure investors into investment schemes.