How many Americans actually own stocks and why one company will handle close to half of all student-loan payments
By Maria LaMagna
Friday's top personal finance stories
Take a deep breath, MarketWatchers, it's Friday! It was a crazy week. Here are your top stories in personal finance.
One company will now handle close to half of all student-loan payments
What the merger of two payment processors means (http://www.marketwatch.com/story/one-company-will-now-handle-close-to-half-of-all-student-loan-payments-2018-02-09) for America's $1.4 trillion student-loan burden.
Millennials are afraid stocks are too risky, so they're investing in bitcoin
People under the age of 30 are more likely to spend money (http://www.marketwatch.com/story/millennials-are-afraid-stocks-are-too-risky-so-theyre-investing-in-bitcoin-2018-02-06) on cryptocurrencies than older generations.
Millennials are killing marriage -- here's why that's a good thing
Generation Y is marrying older (http://www.marketwatch.com/story/millennials-are-killing-marriage-heres-why-thats-a-good-thing-2018-02-08), and many are avoiding the altar altogether.
Here's the really bad news: Only half of Americans actually own stocks
And the wealthiest among us own 81% (http://www.marketwatch.com/story/heres-the-really-bad-news-only-half-of-americans-actually-own-stocks-2018-02-09) of their value.
Here's the problem with using investment apps while markets are volatile
Apps like Acorns and Stash can be great learning tools for first-time investors (http://www.marketwatch.com/story/in-a-volatile-market-do-investment-apps-put-users-at-risk-2018-02-09), but they may inadvertently encourage people to overreact.
From restaurant meals to late fees -- which expense is your biggest waste of money?
Commenters on Reddit confess their biggest money wasters (http://www.marketwatch.com/story/from-restaurant-meals-to-late-fees-which-expense-is-your-biggest-waste-of-money-2018-02-09).
Why your Amazon packages may soon arrive faster
The company's latest innovation could change delivery (http://www.marketwatch.com/story/why-your-amazon-packages-may-soon-arrive-faster-2018-02-09).
'The past 7 days have been the worst of my financial life' (and he didn't even buy one stock)
One man made a costly mistake (http://www.marketwatch.com/story/the-past-7-days-have-been-the-worst-of-my-financial-life-2018-02-07) along with millions of Americans.
5 things to do right now instead of panicking about the stock market
Many consumers could benefit from some simple changes (http://www.marketwatch.com/story/dont-freak-out-about-the-market-or-your-401k-do-these-5-things-instead-2018-02-06) in their behavior and finances.
Elsewhere on MarketWatch
Trump Today: President defends embattled staffer, says budget deal proves need for more Republicans
President Donald Trump on Friday defended a staffer (http://www.marketwatch.com/story/trump-today-president-defends-embattled-staffer-says-budget-deal-proves-need-for-more-republicans-2018-02-09) who resigned in the wake of spousal abuse allegations as he signed into law a bill raising spending by over $300 billion over two years.
Fed officials sound almost glib discussing stock-market correction
Fed officials may regret trying to brush off (http://www.marketwatch.com/story/fed-officials-sound-almost-glib-discussing-stock-market-correction-2018-02-09) the stock market's slump, analysts said.
This was Trump's craziest promise yet
It seems Trump has completely forgotten about one of the crazier campaign pledges he made in 2016 -- to eliminate the national debt (http://www.marketwatch.com/story/this-was-trumps-craziest-promise-yet-2018-02-09).
John Maynard Trump? President's tax cuts, spending spree evoke liberals' favorite economist
The theories of John Maynard Keynes -- using the government to turbocharge the economy (http://www.marketwatch.com/story/john-maynard-trump-presidents-tax-cuts-spending-spree-evoke-liberals-favorite-economist-2018-02-09) -- are apparently alive and well thanks to a Republican party historically hostile to the early 20th-century economist.
For Black History Month, a look at African-American home ownership
The housing market is often less accessible and more risky for African-Americans (http://www.marketwatch.com/story/for-black-history-month-a-look-at-african-american-home-ownership-2018-02-09) than other racial groups.
Trump's Fed pick in danger of being rejected by Senate
Marvin Goodfriend, a scholar of monetary policy, is in danger of being rejected by the Senate (http://www.marketwatch.com/story/trumps-fed-pick-in-danger-of-being-rejected-by-senate-2018-02-08) as Democrats find him too strident on inflation.
Congress votes to approve 2-year budget deal and end government shutdown
The House of Representatives voted early Friday for a two-year budget deal (http://www.marketwatch.com/story/senate-passes-budget-deal-as-government-remains-shut-down-2018-02-09) that raises both defense and domestic spending by hundreds of billions of dollars, approving a package that would also reopen the federal government after it shut down just past midnight Thursday.
-Maria LaMagna; 415-439-6400; AskNewswires@dowjones.com
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02-09-18 1723ETCopyright (c) 2018 Dow Jones & Company, Inc.