1 in 4 Millennials trust ‘no one’ when it comes to advice about money

pennies-money

39 percent of millennials worry about their financial future at least once a week or more.

When it comes to information about financial matters, about a third of millennials trust their parents most, but nearly one in four say they trust “no one” when it comes to advice about money, according to Fidelity Investments.

 

 

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American’s financial lives explained in 29 charts

money

How much money you make and how you spend that money plays a huge part in what your life looks like.

What makes us unique? Well, we like to think lots of things make us unique: where we’re from, how we were raised, our tastes, our education. But for better or worse, how much money you make and how you spend that money also play huge parts in dictating what your life looks like.  Vox presents 29 charts below showing how Americans earn and spend money, from childhood through their golden years.

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Health issues stress Americans more than anything else

stress

Health overwhelmed financial problems in terms of causes of stress.

We are all stressed. Work can get some people down, and of course money is something we all worry about. But Americans with health issues are more likely to experience a great deal of stress than anyone else, according to a recent poll conducted by the Harvard School of Public Health, the Robert Wood Johnson Foundation, and NPR.

 

 

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RevolutionCredit wants to change the way credit scores are calculated

credit-scores

RevolutionCredit is using online finance crash courses to help lenders better determine a person’s creditworthiness.

Could a better credit score may soon be just be a few mouse clicks away? The current system of determining a person’s creditworthiness is “inadequate and insufficient” and is costing both consumers and creditors, said Zaydoon Munir, founder and CEO of RevolutionCredit.

 

 

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Financial services ripe for disruptive innovation

financial services

Richard Branson

Technology is having a profound impact on so many sectors, creating opportunities, speeding up development and leveling the playing field so that leading companies can no longer take success for granted. It is an incredibly exciting time for innovation across the sector. (Videos)

 

 

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Why there’s a big opportunity to revolutionize the financial system

bank hours

There’s a huge fortune to be made if you can solve the problem of cheap payments. Payments are one of 10 big problems that are crying out for a solution (others include cheap battery storage, water desalination, and a pill that makes you lose weight).

 

 

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Bitcoin is not only digital currency, it’s Napster for finance

bitcoin

Bitcoin will start its transformation from a mere currency into an entire open-source.

Bitcoin’s valuation didn’t just skyrocket in 2013, but its infrastructure, services, and adoption exploded as well, culminating in recent announcements that major online retailer Overstock.com and NBA team the Sacramento Kings would accept the digital currency as payment.

 

 

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When women are faced with sexual stereotypes they make better financial decisions

Many studies have found that women tend to be more averse to risks and losses than men.

The world of business  can be brutal and competitive. People often need to take high risks with big payoffs in order to succeed. Attitudes that are risk-taking attitudes are often seen as masculine. The language used to describe such behavior is riddled with phrases like “testosterone-charged” and “cowboys”. Women are seen as being more risk averse.  And then there are articles that have asked if the financial crisis might have unfolded differently had women been in charge.

 

 

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