As a millennial myself, I’ve noticed that most millennial in my peer group do not get educated on maintaining good credit while we are young. We look at it like its free money. We have the tendency to spend until we get everything that we want without thinking about the interest rate or even how we will pay it back. We are so used to our parents supporting us, waiting for allowances, and not having […]
Generations X (Gen-Xers) or “The Forgotten Generation” are born between 1965 and 1980. Compared to Baby Boomers, Gen-Xers take more financial risks in making investment decisions given their earnings increased over the years. Compared to Millennials, GenXers are also in better financial positions for several reasons. Gen-Xers are further along in their careers, and; thus, higher up on the salary scale. They are also spared by the increasing student debts that are crippling younger generations. […]
A few years ago, I remember a mother sharing how her, at the time, 3-year old daughter was relaxed on their bed, legs crossed at the knee navigating and swiping her mother’s iPad with her big toe. While the visual may cause you to chuckle, the reality is Gen Z, is the first generation to never know a world without the internet. Their lifestyle is heavily shaped by technology. When you consider that both Millennials […]
No doubt that millennials are financially cautious which is a fact that could be making it much harder for this generation to get low-cost loans or credit cards. Unlike other older generations, many millennials are reluctant to take on new debt even as their finances improve, according to research from VantageScore that was provided exclusively to USA TODAY. The problem is lenders still consider these conservative borrowers with fewer credit accounts as riskier. As a […]
Historically Black Colleges and Universities else known as HBCUs are any historically black college or university established prior to 1964 and whose primary mission was and still is the education of black Americans and that is accredited by a nationally recognized accrediting agency or association determined by the secretary of education. Education is important, and the core of formation for the HBCUs was to help students, especially the disadvantaged student get an equal opportunity as […]
