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Chart of the Day: How Much Student Debt Do College Graduates Have?
Take with a grain of salt as the data tracks students who began college in 2003 and tracked their debt levels six years later (from NY Times):
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Question: What’s the Average Number of Times a Customer Overdraws Their...
Answer: 6.7 (projection for 2015) From Wall Street Journal: Most surprising quote in this article about the decline in bank overdraft fees: “At the end of the day, these people are our customers and...
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Chart of the Day: Student Loan Growth
From the Economist: Questions for students: What is average student debt (see left hand axis) and %age of students who graduate with loan debt (right hand axis) in 2015? How would you describe the...
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Question: Why Does College Cost So Much?
Chart showing rate of increase of college tuition and fees vs. inflation measure (PCE Price Index); from Bloomberg: According to the Federal Reserve of New York in a recent research report: When...
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Chart of the Day: How Often Are Credit Card Applications Rejected?
From Federal Reserve: Answer: 13.5% in June 2015. Note that this rate will likely be much higher for millenials who may have lower credit scores due to their short credit histories. Interesting to...
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How Much Do Americans Pay In Interest On Their Debt?
This chart released quarterly by the Federal Reserve presents several learning opportunities: Lesson 1: Mortgage debt far exceeds all other consumer debts with a total of $8.12 trillion as of the end...
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Chart of the Week: Student Debt
From Economist: Great opportunity to hone your students’ analytical skills by asking them for takeaways from this chart. Here are a few: Student debt has more than tripled in the 2004-14 time period....
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Interactive: What Interest Rate Are People Paying On Their Credit Cards?
Answer: Lots of different interest rates… From NPR.org (if you go to the link, there is a interactive with a slider bar that allows you to see how the distribution of interest rates has changed from...
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Question of the Day: What’s the Average FICO Score Nationally?
Answer (from Fair Isaac): 695 Nice chart too, showing percentage of consumers within certain credit card bands: The obvious question is why have credit scores been rising..the answer courtesy of NY...
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Which Financial Services Companies Get The Most Complaints?
Answer (from CFPB and Consumerist): Credit reporting agencies (three of top four) and banks As we have noted previously, 1 out of 4 consumers have errors on their credit reports, which highlights the...
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