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Financial anxiety is bringing Millennials down

Financial anxiety is bringing Millennials down

Finance
Money guide for MillennialsLots of folks worry about money from time to time. But there's a difference between fretting over a larger-than-expected bill and spending a huge chunk of your waking hours stressing over finances. Yet the latter scenario seems to characterize a significant percentage of working Millennials. An estimated 28% of Millennials are experiencing so much financial anxiety, in fact, that it's impacting their job performance on a consistent basis, according to a newly released Northwestern Mutual study. That's more than twice the rate of the general population. Furthermore, 23% of Millennials say that financial stress makes them physically ill on a weekly or monthly basis compared to just 12% of workers among all age groups. Talk about extreme. What's worrying Millennia...
Provident Financial shares dive on new profit warning

Provident Financial shares dive on new profit warning

Business
Shares in doorstep lender Provident Financial plunged 58% after it issued its second profit warning in months.It says it now expects to make losses of £80m to £120m as its debt collection rates have dropped to 57% compared with a previous rate of 90% in 2016.Bradford-based Provident recently changed the way it collected its loans, replacing self-employed agents with "customer experience managers".Its chief executive, Peter Crook, has resigned.The company has some 2.5 million customers, many of whom would not qualify for a standard bank loan and are therefore categorised as "sub-prime".Agent lossThe BBC has been contacted by a number of former Provident agents. All of them left when the collection system was changed and many are angry.They say they had had a strong relationship with their b
Worried about online fraud? Make sure your financial advisor is ready for a cyber attack

Worried about online fraud? Make sure your financial advisor is ready for a cyber attack

Finance
Cyber theft is the fastest-growing crime in the U.S., and cost the global economy more than $ 450 billion in 2016, with more than 2 billion person records stolen.By 2021, cyber crime damage costs could hit $ 6 trillion annually, according to Ernst & Young's 2016-17 Global Information Security Survey.And companies are experiencing larger breaches, reported IBM. The average size of data breaches increased 1.8 percent in 2017 to more than 24,000 records, according to its 2017 cost of data breach study.Financial advisors are increasingly aware of this threat, with 81 percent saying cybersecurity is a high priority. Yet, just 29 percent say they are "fully prepared to manage and mitigate the risks associated with cybersecurity," according to a study released last September by the Financial ...
12 Financial Truths (Including Some You Won’t Like)

12 Financial Truths (Including Some You Won’t Like)

Finance
Shutterstock photoBy Levi Roethler via Iris.xyz Ever since the end of World War II, the United States has largely been a proponent of economic liberalization, especially with the respect to trade. The reasons for this are two-fold: One, market integration promotes peace (finally the end of large-scale armies invading neighboring countries). Two, liberalization helps stimulate the global economy.… Click to read more at ETFtrends.com.The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.This article was provided by our partner Tom Lydon of etftrends.com.Let's block ads! (Why?) Latest Articles in