Higher education = lesser chance of owning a home?
The Federal Reserve released a new report that showed that just 36% of people between 24 and 32 years old owned homes in 2014, down from 45% in 2005. But why the decline in home ownership? The Feds blames the cost of college and mounting student loan debt as the primary driver. Stating that student debt is linked to key life decisions, from access to home loans, auto loans, etc. This is because “higher student loans early in life lead to lower credit scores later in life, making it harder for former students to take out mortgages.”
Phone service providers to stop selling your data
T-Mobile, Verizon, Sprint, and AT&T recently announced that they would stop selling their customers’ real-time locations, after a recent report. According to the report
, Sprint sells data to Zumigo, who then sells the data to Microbilt, who then sells it to people “including landlords to scope out potential renters; motor vehicle salesmen, and others who are conducting credit checks.” With just a phone number, Microbilt can determine a target’s full name and address, geolocate a phone in an individual instance, or operate as a continuous tracking service. Read our December issue
to learn more about how these companies sell your location data to advertisers.
Natural Light Beer wants to pay your student loans
The beer brand owned by Anheuser-Busch announced plans this week to give current students and former students $10 million over 10 years to pay towards their student-loan debt. In 2018, they donated $1 million to people who made creative videos about their inspiration for attending college, and now aims to do the same for the next 10 years, plus a Super Bowl sweepstakes. In partnership with Cash App, it plans to dish out $53,000 to fans during the Super Bowl, which you can use to pay off student loans, or just buy more beers.