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Florida Man Punches ATM For Giving Him Too Much Money

“One of the great memes of recent years was Florida Man, “the world’s worst superhero.” So named for the large quantity of bizarre news stories with the template “Florida Man (fill in the blank),” the meme covered everything from attempting to use a taco as a form of identification to calling 911 repeatedly over the […]
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One-Third of Middle Class Can’t Afford $400 Surprise Expense, Fed Finds

“Fed Gov. Lael Brainard said in a speech Friday that the Fed’s 2018 Survey of Household Economics and Decisionmaking, expected to be released later this month, would show that while economic security has been “marginally” improving, many U.S. citizens—both in- and outside the middle class—were still in a position of “financial fragility.” Americans’ widespread inability […]
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You may be surprised by who carries the most credit card debt

“Turns out, Americans with a net worth of more than $100,000 are more likely to have credit card debt than people who have a negative net worth. Taking a deep dive into the numbers, 58 percent of people with this level of net worth owe at least $2,500, and 39 percent are carrying at least $5,000, Bankrate.com […]
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U.S. Retail Sales Rebounded in October

“Retail sales—a measure of purchases at stores, at restaurants and online— rose a seasonally adjusted 0.3% in October from a month earlier, the Commerce Department said Friday. Economists surveyed by The Wall Street Journal expected a 0.2% increase. The rise in October follows a drop in September, when sales fell 0.3%, the same as previously […]

On The Wires

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Annual Survey Reveals That Consumer Knowledge About Credit Scores Has Steadily Declined Over the Past Eight Years

““Consumers know less about credit scores but think they know more,” said Stephen Brobeck, CFA senior fellow. “Taking our online credit score quiz provides an easy way for consumers to update their credit score knowledge,” he added. More than 230,000 individuals have taken the Credit Score Quiz , developed and maintained by CFA and VantageScore.”
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