Study: More Than One-Third of Millennials Carry Multiple Debts
More than one-third of Millennials carry significant student loan, mortgage, credit card and some other type of miscellaneous debt.
Americans Focus on Debt Reduction as Debt Climbs
More than half of Americans are placing debt reduction as their top priority this year.
Study: Fed Rate Hike Will Impact MA Communities
With the Federal Reserve slated to raise the federal funds rate this week, the cost of debt is expected to increase another $1.6 billion for U.S. households, according to WalletHub. This will bring added pressure to communities in Massachusetts including Hingham, Needham and Marshfield, among others.
Credit Card Charge-Offs Surging at Small Banks
Credit card charge-offs are sky-rocketing at small banks. According to media reports, charge-off rates have hit 7.2 percent on average during the fourth quarter for banks with $10.4 billion or less in assets. That level is up from 4.5 percent one year ago.
AG Debuts New Initiative to Address Unaffordable Student Loans
Attorney General Maura Healey has launched a statewide Student Loan Bankruptcy Assistance Project with the Massachusetts Bar Association and the Greater Boston Chamber of Commerce.
Banks Lure Young Talent With Student Debt Assistance
Traditional financial institutions – large and small – have made it clear they are looking to attract and retain young talent as many of their older employees approach retirement.
Study Gives MA Poor Ranking For Fiscal Health
State government in Massachusetts has exhibited “serious signs of fiscal distress” and in fiscal 2015 posted an overall condition that was better than only Illinois and New Jersey, according to a new study that compared states.
MBTA Poised To Dip Into Deficiency Fund To Pay Down Debt
State transportation system overseers on Monday approved a recommendation to pay down the fixed rate on two interest rate swap agreements, a plan that could reduce the agency’s future liabilities by $35.6 million.
Fed Survey: Millennial Workers Optimistic In Spite of Debt, Unemployment
Younger American workers may be burdened with higher student debt and unemployment rates than the country as a whole, but they’re also more optimistic than older generations, according to a recent report from the Federal Reserve.
Report: Two Massachusetts Towns Among Most Sustainable Credit Card Debt
Two Massachusetts towns have ranked among the top 10...AG Sues Major Debt Collector For Consumer Protection Violations
Attorney General Maura Healey has sued one of the...Would you want a “do over?”
Do you have any regrets? Anything you’d like to “do...
