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Bob Sullivan

Contributor |  In Personal Finance, Identity Theft

Bob Sullivan is author of the New York Times best-sellers Gotcha Capitalism and Stop Getting Ripped Off. His stories have appeared in The New York Times, the Wall Street Journal, and hundreds of other publications. He has appeared as a consumer advocate and technology expert numerous times on NBC’s TODAY show, NBC Nightly News, CNBC, NPR’s Marketplace, Terry Gross’ Fresh Air, and various other radio and TV outlets. He helped start MSNBC.com and wrote there for nearly 20 years, most of it penning the consumer advocacy column The Red Tape Chronicles. See more at www.bobsullivan.net. Follow Bob Sullivan on Facebook or Twitter.

Millennials Spend a Large Percent of Income on Rent

Mortgages

Millennials Spend a Large Percent of Income on Rent

Millennials Spend a Large Percent of Income on Rent

It’s an age-old question: Is life harder or easier for today’s young people? Well, score a “win” for the millennials. Younger adults are spending a stunning amount of money on rent — $93,000 by age 30, according to a new study. More important, rent sucks up about 45% of their income during this first, critical... Read More

Student Loan Collateral Damage

Personal Loans

Student Loan Collateral Damage

Student Loan Collateral Damage

When we think about the $1.45 trillion student loan crisis, we normally imagine struggling, young, recent college graduates. We often don’t think about the collateral damage among families that overwhelming school debt can inflict, but that’s a fast-growing problem. Almost all private student loans require a co-signer, and increasingly, the parents and grandparents tied to... Read More

Identity Theft Soars in 2017

Identity Theft

Identity Theft Soars in 2017

Identity Theft Soars in 2017

We’ve heard about the identity theft epidemic for so long that many have become numb to the news, and the large numbers — 50 million stolen credit cards here, 150 million stolen Social Security numbers there. But this is no time for complacency. There were two bits of very bad news for consumers in the... Read More

Credit Card Outlook for 2018

Credit Cards

Credit Card Outlook for 2018

Credit Card Outlook for 2018

If you’re thinking about applying for a new credit card or asking for a higher limit on a card you already have, you might want to do that sooner rather than later. Credit cards, and credit card issuers, have been on a good run lately, but the good times might end — or at least... Read More

Cities to Consider When Renting and Buying

Mortgages

Cities to Consider When Renting and Buying

Cities to Consider When Renting and Buying

January is a natural time to take stock of your financial life, and to dream big dreams about 2018. Could this be the year you make the leap to homeownership? Or, will you make a big change and trade in your mortgage payment for a landlord? In the complex calculus that’s required for the renting... Read More

How the Recession Has Changed American Spending

Personal Finance

How the Recession Has Changed American Spending

How the Recession Has Changed American Spending

If you feel like there’s nothing left at the end of the month, you aren’t alone. A recent Pew study found that 46% of Americans spend more than they make every month. Nearly half! So where’s all the extra money going? Are We Overspending on Luxuries? You’ve probably heard that many Americans get themselves into... Read More

Renting Is Overtaking the Housing Market—Here’s Why

Mortgages

Renting Is Overtaking the Housing Market—Here’s Why

Renting Is Overtaking the Housing Market—Here’s Why

Single-family rentals—either detached homes or townhomes—are developing faster than any other portion of the housing market. These rentals outpace both single-family home purchases and apartment-style living, according to the Urban Institute. “Almost all the housing demand in recent years has been filled by rental units,” says Sara Strochak, a research assistant with the Urban Institute.... Read More

Where Are Millennials Moving? The Answer May Surprise You

Mortgages

Where Are Millennials Moving? The Answer May Surprise You

Where Are Millennials Moving? The Answer May Surprise You

It’s no secret that young people are getting married and starting families later in life than their parents did. It is, however, a bit of a secret where they are choosing to settle down. Big cities and their big employers have always attracted young workers, and that’s still true. But a combination of factors—sky-high home... Read More

Sick of Overdraft Fees? There’s an App for That

Personal Finance

Sick of Overdraft Fees? There’s an App for That

Sick of Overdraft Fees? There’s an App for That

Remember when banks feared that new consumer protections would make it harder to charge overdraft fees? That those protections would imperil the financial industry and lead to the death of free checking accounts? Well, overdraft fees set something of a record in 2016, with banks collecting $33.3 billion last year—their highest level since 2009, according... Read More

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