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According to a new study by the Bureau of Labor Statistics, about 260,000 people with a college or professional degree made at or below the minimum wage of $7.25 per hour last year. Although this number may seem large, this is the smallest number since 2008. However, the number of workers with college degrees is more than double what it was in 2005.
 
So, what does this mean for people with degrees?
 

Maintaining Your Credit When Unemployed

Unemployment is tough. You have no steady income, and it may be hard to keep up with your bills. In today’s economy, with the high rates of unemployment, you may find it especially difficult to land a new job. And you’re probably more focused on getting yourself out of this situation than maintaining your credit.
 

How to Spot Credit Card Fraud

Credit card fraud is a big problem in today’s world. And it can be a huge hassle to fix. But in order for you to fix the damage, you must first know that someone is using your credit card. This sounds quite simple, but many people don’t even realize that someone has stolen their identity. And you don’t want to wait until it is too late.
 
So, what should you do to quickly spot fraud?

Should You Freeze Your Credit?

It is important to take secure measures to protect yourself from identity theft. And with all the hackings at Target and other large retail stores, this has become even clearer recently. In the past, you may have thought that keeping your credit card information private and close to you at all times would stop identity theft. But with the new hackings, it looks like that’s not enough anymore. Hackers can get your information simply because you used your credit card. And then they can start running up charges on your existing accounts or opening new ones.
 
Student loan debt is on the rise, according to a new report released Tuesday by the New America Foundation. Student loan debt is now a little more than $1 trillion, outpacing all other loans except mortgages. This number is much higher than years past, and much of the debt is from students who went to university for a graduate degree. New research has indicated that students who went to university for a graduate degree borrowed $57,600 in 2012, a 43% increase from 2004. 
 

Weekly Tip: Have a mixture of different credit types.

In order to have a great credit score, it is important to mix up your credit. While using credit cards will build your credit score, it will only go so far. The 3 major credit bureaus- Experian, Equifax, and TransUnion- take into account both revolving credit and installment credit when determining your FICO credit score. 
 
on Fri, 2014-03-21 11:53

Millenials, When Should You Start Saving for Retirement?

For young adults, retirement may seem like a lifetime away. You’re just now starting to build your life, and you probably have rent, utilities, necessities, and other loans to pay off. With a low income and high expenses, retiring is the least of your priorities. So, it’s very easy to forget about saving for the future.
 

6 Ways to Stop Overspending

Do you wonder why all your money disappears so fast? Do you constantly find yourself overspending? Do you reach or exceed your credit limit often? 
 
American Express announced Monday that they would be selling 50% of their Global Business Travel division to an investor group for $900 million. The purchase would go to investors led by Certares, a group that includes the government of Qatar and the money management giant BlackRock. This deal, once completed in the second quarter, will conclude American Express’ plans to separate corporate travel while still keeping it under the American Express Global Business Travel brand. 
 

How to Get the Best Credit Card Deal

There are hundreds of credit cards on the market, and it can be hard to separate the good cards from the bad. Every credit card has its own marketing campaign, and they may send out offer letters and pamphlets detailing the great qualities of that card. But, what they advertise may not always be what you get. Many cards show off their rewards, while minimizing the talk about fee, interest rates, and other things you may not find enticing. So, before you fall for a flashy credit card offer, ask the following questions and decide if it is really right for you.
 

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