The Rise of the Boomerang Generation + How to Manage Finances in a Multi-Generational Household

For the last several decades, parents have been welcoming their adult children home after moving out for college. It’s become an accepted way for young adults to save up and start their lives off with a little less financial burden, and we’re currently seeing that trend rise as more young adults join the boomerang generation.

The boomerang generation is a generation of young adults who return to live with their parents. This group has continued to grow over the last decade, but the trend isn’t totally unique to the current generation of recent grads. In 1985, 54 percent of 18–24-year-olds and 11 percent of 25–34-year-olds lived with their parents. While the rate of 18–24-year-olds living with their parents has stayed relatively consistent, the U.S. has seen a steady rise in 25–34-year-olds living with their parents, reaching 17 percent in 2019.

The rise of the boomerang generation really began following the Read the rest

This Black-Owned Pizza Restaurant Sources Ingredients From Other Black Restaurants

The restaurant industry has suffered greatly due to the spread of COVID-19, or the novel coronavirus, pandemic. While the niche field has been labeled an “essential” business to remain open for take-out and delivery amid the health crisis, many have still been forced to use other strategies to stay afloat during the viral outbreak. One entrepreneur in Indianapolis was able to help other Black businesses as she makes her signature pizzas.

Que Wimberly is the owner of The Missing Brick pizzeria, where she makes what she describes as “Indy”-style pizza that differs from the traditional and popular like Chicago or New York. She opened her eatery because of the lack of Black ownership surrounding a food many in her community enjoyed and because she wanted to make it with her own unique style.

“One of the things that Indianapolis didn’t have was a craft pizza place that was … Read the rest

How to Save for College: The Ultimate Guide for Parents and Students

For many, college is a door to a prosperous future, and it elevates feelings of excitement and brings a taste of freedom. It’s a younger student’s chance to become an adult, learning both life and book smarts. It’s an older student’s opportunity to broaden their horizons and grow their passion or career. For whoever is paying for college, it’s often a wave of financial stress and uncertainty. When Americans owe a collective $1.5 trillion in student debt, you’re probably wondering how to save for college. 

Student loans make up 11 percent of the cumulative debt in the U.S., surpassing auto loans and credit card debt, and they maintain the highest rate of delinquency across all debt types. That’s no surprise when 43 percent of adults who attend college incur some amount of debt, and 24 percent of those have depended on credit cards to pay for school. 

In 2018–19, … Read the rest

Who Should Get Priority Access To COVID-19 Vaccine?

Some COVID-19 vaccines are showing positive signs of working, leading many to wonder who should get first access to a vaccine.

According to MarketWatch, the Centers for Disease Control and Prevention officials and an outside advisory committee are brainstorming the rollout of a COVID-19 vaccine. The agency is also considering giving priority access to the vaccine to several groups including key national security officials, high-risk individuals, and essential workers.

However, some are wondering if Black and Latino Americans, the most affected races, should get priority access. Philanthropist Melinda Gates, the wife of Microsoft co-founder Bill Gates, floated the idea in an interview with Time Magazine.

“In the U.S., that would be Black people next, quite honestly, and many other people of color. They are having disproportionate effects from COVID-19,” Gates told Time.

She added the next step would be to prioritize those with underlying conditions, older people, … Read the rest

How to Land an Internship that Pays: Your Ultimate Guide

If you’re a current college student, you may find yourself wondering what your career — and budget — will look like after you get your diploma. Will the hours spent studying all prove worth it? Internships can be the perfect opportunity to discover your passions, budget expectations, and future goals before accepting a full-time job.

COVID-19 has impacted students around the world, as well as the job market college graduates will be entering. Events, meetings, and learning opportunities have changed drastically from what we know as normal. Even though the landscape has changed this year, there are many companies still looking to hire.

Paid internships can be a great way for students to start thinking about money management, while building real life experience that’ll help them in the job market. Additionally, a study found that 81 percent of graduates said internships helped them pivot their career interests. Not to … Read the rest

Black Woman Athlete Makes History, Becomes the First to Own a Sneaker Company

Santia Deck, founder of TRONUS, has become the first female athlete to own a sneaker company. She also made history earlier this year when she signed a multi-million dollar deal to play in the forthcoming Women’s Football League Association (WFLA).

That first-ever contract of its size for a woman playing American-style football helped solidify her unique personal brand – part athletic powerhouse, part social media stunner, all confidence. Her “Queen of Abs” moniker has become more of a mantra.

As an athlete, Santia uses every platform she can to encourage people, especially young women, to aspire to the highest of heights with an almost royal level of confidence. She developed her own tenacity after overcoming challenges like bullying and scoliosis. Now that regal spirit lends itself to TRONUS, which means throne… and the response has been auspicious!

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    }).render(“e8c9f74debe241a199e3842a0addf686”);… Read the rest

3 Simple Steps to Prepare Your Bank Account for Life After Quarantine

COVID-19 has given everyone around the world both time and space to reflect on what individually matters most in life. Whether it’s the chance to walk around outside, or the opportunity to spend more time with your kids, knowing what brought you joy during quarantine can help you learn to spend your money in ways that maximize your happiness. Equally important is knowing what didn’t bring joy to help you avoid wasting time and money. 

Here are three simple steps you can take to hold onto joy and let go of what brings you down as we all prepare to live our lives after quarantine:

(Psst…you can also do this exercise, but in less time, with the Mint app!) 

Step 1: Rate your spending categories 

Think about the last 30 days of your life. These are complex times, but you’ve most likely spent money very differently—more in some categories Read the rest

Live Nation Aims to Double Number of Black Leaders by 2025

Live Nation has announced that it is working on bringing diversity to its ranks and will take part in the conversation when it comes to racial injustice and the Black Lives Matter movement.

In a letter posted to employees on the Live Nation website, Michael Rapino, president and CEO of Live Nation Entertainment, states that “our mission has always been about bringing people together to share experiences and to unify them through the universal language of music. Despite the fact that we remain physically distant, this fundamental part of who we are is as important as it has ever been. We can only be successful in this mission if we address inequality and injustice at every level of our organization.”

He goes on to state that recent events around police brutality against Blacks and racial injustice in the U.S. and around the world have made them recognize they have Read the rest

Mint Money Hub: What to Know About Coronavirus (COVID-19) and Your Finances

We will continue to add updates, so keep checking back for resources and answers to your questions.

First, we want to say that we hope everyone stays safe and healthy. Check out online resources from the CDC on guidance about the coronavirus disease (COVID-19).

Mint is tracking the latest developments and potential impacts COVID-19 may have on your finances, to provide you with as many helpful insights and resources we can to ensure your financial health remains intact, too — we’re all in this together.

 

 

 

Does Travel Insurance Cover Coronavirus?

For those of us who are still nervous about travel and wondering if the trip insurance we bought covers coronavirus, let’s dive into the details.

 

 

 

 

 

How to Take Control of Your Finances When Money is Tight

How to Protect Your Credit Health When Money is Tight

Right now with the rise in unemployment, it’s important to take an active role in our finances. … Read the rest

Didn’t file taxes in 2015, buying a house.

Hello. We have an issue. My SO and I are buying a house. We got pre-approved and have been searching and got an offer accepted. Has not gone further than that yet.

My SO just remembered that he did not file taxes in 2015. He was in a lot of debt at the time and was going to owe $4k and couldn't afford even a payment plan, so he just didn't file. He had outstanding debt owed to the IRS already (something he was ordered to pay in his divorce) and has since paid that. He has filed all of his taxes since then, every year on time. His previous IRS debt is all paid.

What do we do here? Is there any way we can still get this house? Do the underwriters go back that far (he's already provided them with the last few years of returns)? I am

Read the rest