Financial Education

I am part of a community that completely energizes me, makes me believe that there are good people in the world and that makes me want to be better. Over the course of four days in September, my co-workers and I were transported into the world of self-proclaimed “money media nerds” at FinCon, the Financial Influencers conference, where people share thoughts, best practices and update one another on the latest trends. FinCon is THE annual event for the financial media community.

Erin Lowry, the founder of Broke Millennial, gives her perspective on millennials and credit using Experian data.

Millennials, also known as Generation Y (ages 19-34) are now the largest segment of the U.S. population, and according to a recent Experian analysis, also take the title for being the least credit savvy when compared to previous generations. The study revealed that millennials’ average credit score is 625, and their average debt excluding mortgages is $26,485.

A recent study conducted by Experian showed that a majority of vacationers overspend their budgets and rely on credit cards to provide extra funds. At the extreme end, more than half of millennial vacationers (52 percent) lean heavily on their credit cards, racking up vacation debt they’ll be repaying long after their trip comes to an end.

Confronted with a vast amount of incoming data, today’s digital marketers are facing an on-going battle to keep up.

Recent Experian analysis of U.S. lending trends related specifically to HELOCs reveals important strategies to manage the end of draw period.

Considering a home purchase? Learn when others are consulting their credit and what they’re finding.

John C. Linfield, Executive Director at the Institute for Financial Literacy, shares the importance of making an emotional connection to your finances.

Post by Laura Levine, president and CEO of the Jump$tart Coalition, reviewing the strides made in Financial Literacy and the support of Experian.