Credit scores perpetuate racial disparities, even in America’s most prosperous cities

Predominantly nonwhite areas in more than 50 of 60 major US cities have below-prime median credit scores.

Tax reform should promote saving among households with less wealth

Tax reform is an opportunity to address wealth inequality, which has grown from both gains at the top and declines at the bottom.

Student loan forgiveness for disabled borrowers comes with a catch

Borrowers who become disabled can have their loans discharged, but they must pay income taxes associated with the amount forgiven.

Past-due medical debt a problem, especially for black Americans

Nearly one in three nonelderly black Americans have past-due medical bills—a concerning number given the consequences for physical and financial health.

Everyone benefits when the financial sector serves people with volatile income

Each year, roughly one in four American families will face an “income shock,” like losing a job or experiencing a sudden health or work limitation.

Why do a larger share of millennials and gen X have past-due medical debt than older Americans?

Lower rates of health insurance coverage and wealth accumulation are making it harder for younger generations to pay off past-due medical bills.

Six new insights about Americans’ borrowing habits

How do Americans use debt throughout their lifetime? We recently examined the credit records of more than 5 million consumers to find out.

Recent Social Security reform doesn’t fix unfair spousal benefits

Spousal and survivor benefits are often worth hundreds of thousands of dollars for the non-working spouse, but worth far less if both spouses work.

Does financial coaching help people reach their financial goals?

In a new study, participants offered financial coaching had an average debt reduction of $10,644 more than those who were not offered services.

Financial coaching: a new method for improving financial well-being

Coaching helps people across the income spectrum set goals and plan concrete steps to meet intermediate- and long-term financial goals.