College-Educated Consumers With Student Debt Have Median Net Worth Of Just $8,700

College-Educated Consumers With Student Debt Have Median Net Worth Of Just $8,700

It’s no surprise that most college graduates leave with a degree and an excessive amount of student debt. But what was once promoted as a gateway to a better life has left graduates under 40 with lower accumulated wealth and a lower level of satisfaction in their financial situation. [More]

From the Pew Research Center's study "America's Shrinking Middle Class"

Fewer Americans Identify As Middle Class Following The Great Recession

Several years ago, during the Great Recession, Consumerist asked the question many of us were thinking: If everyone is broke, is there still a class system? The answer was, probably, yes. And today it remains the same, even though many Americans are realizing they no longer hold a spot in the middle class. [More]

Millennials Who Chose Not To Attend College Are More Likely To Live In Poverty Than Past Generations

Millennials Who Chose Not To Attend College Are More Likely To Live In Poverty Than Past Generations

The always rising cost of tuition and the number of students graduating college with significant debt might be enough to turn some away from getting a college education. But a new study by the Pew Research Center found that not going to college could be an even more expensive decision. [More]

Wealth Gap Between Whites And Minorities Is Widest In 25 Years

Wealth Gap Between Whites And Minorities Is Widest In 25 Years

The wealth gap between whites and Hispanics has increased to its widest in 25 years, according to new analysis of Census data by the Pew Research Center. We’re talking a 20-1 ratio between whites and blacks, and an 18-1 between whites and Hispanics. Like so many things, it comes down the the housing crisis. [More]

Old Workers Vs. Young In A Tough Labor Market

Old Workers Vs. Young In A Tough Labor Market

Forget about mall-walking and midday bingo games. It seems that workers over 55 just aren’t interested in retiring. This is problematic for the young people who, under different circumstances, would have replaced them in the workforce.