Jeff Hoyt, Author at The Outlier Model

Home Prices Outpace Pay Increases

Jeff Hoyt / June 14th, 2018 / No Comments

Affordable housing is increasingly hard to find in today’s market. According to data from Trulia, America’s inventory of starter homes has decreased by almost half compared to six years ago while prices rose by almost 58 percent. jQuery(window).load(function(){ var s = document.createElement("script"); s.type = "text/javascript"; s.src = "https://moneymade.io/embed/embed.js"; ...

Posted in: Personal Finance

The Current State of Student Loan Debt

Jeff Hoyt / June 5th, 2018 / No Comments

America has reached a new economic milestone – or maybe a millstone – of $1.52 trillion. Which of the following does this number represent? 1. The latest contract for a professional athlete 2. Your current credit card balance 3. America’s collective student loan debt While the first choice sounds strangely plausible, and some days you may feel like the second choice is correct, $1.52 trillion...

Posted in: Personal Finance

45% of Americans Were Never Educated on Credit Card Use

Jeff Hoyt / May 31st, 2018 / No Comments

Most likely you are self-taught about personal finance: 45 percent of consumers were never educated on credit card use, according to a survey by the website Credit Cards Explained. Of those who received their credit card education in school, 22 percent were taught in high school, followed by 18 percent in college, and 8 percent in middle school. Approximately 7 percent of consumers got their education...

Posted in: Personal Finance

How to Get Money Back from Western Union Scams

Jeff Hoyt / May 29th, 2018 / No Comments

Act Before May 31 to Get Your Money Back Although Western Union has served as a reliable method for rapidly sending money over long distances since the late 1800s, the service is also used by scammers with increasing frequency. This has resulted the settlement of Federal Trade Commission (FTC) charges that Western Union had not been doing enough to protect consumers from these scammers. The FTC has...

Posted in: Personal Finance