A new study from Bank of America revealed 73% of Gen Z reported that the current economic environment has made it more challenging to save. Many respondents said inflation has created even more financial stress, while surging rents or home prices have made it harder to afford day-to-day necessities.
Read More »Is Renting Really Such a Bad Idea?
Click through to learn what a survey revealed about the “renter stigma” and how it could affect homeowners and renters alike.
Read More »CFPB Director Talks Regulation and Debt Collection
On Wednesday, CFPB Director Kathy Kraninger delivered a Keynote Address entitled “The Next Phase for CFPB.” In this Video Spotlight, Kraninger speaks on debt collection and consumer savings issues, and explains how the CFPB is working to address these problems.
Read More »How Costly Is the American Dream of Homeownership?
An analysis of the salary one earned to afford a home over the past 20 years found some stark differences between then and now. Click through to learn where this dream might be beyond the reach of the average household.
Read More »Savings Clauses in Foreclosure
An overlooked topic in foreclosure law is the effect of savings clauses in loan documents. Here, legal experts discuss the importance of savings clauses, and how they can help, or hinder.
Read More »Why Housing Worries Keep Americans Up at Night
A new study found that millions of homeowners are losing sleep because they are worried about being able to make rent or a mortgage payment. Here’s why.
Read More »Survey Finds a Lack of Savings for Many Americans
Nearly 70 million adults have no emergency savings, while nearly one in four would run out of money in 30 days, according to a new survey put out by NeighborWorks America. The survey found that 22 percent of adults, or roughly 53 million adults, have only enough saved for one month.
Read More »