Frugal In The News Archive

Introducing YouTube TV …

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YouTube recently announced they will be entering the TV streaming service arena to compete against the likes of Sling TV, Playstation Vue, and others.  Here’s everything you need to know right now regarding YouTube TV:

Availability and Price

  • The service will be available later this year in select US areas
  • It will cost $35 per month
    • This price will get you six individual user accounts

Channels

A full list of channels is not currently available but there should be roughly 40 or so including the following:

  • ABC
  • CBS
  • FOX
  • Fox Sports Networks
  • Comcast SportsNet
  • NBC
  • ESPN
  • MSNBC
  • Fox News
  • Disney Channel
  • Sprout
  • USA
  • FX
  • Bravo

Notable Features

  • The primary interface is a smartphone app with three tabs (“Live,” “Library,” and “Home.”)
  • You can pull up a full-screen viewer within the app to view a channel, or cast the video to your Chromecast-compatible TV
  • Each of the six subscription accounts will include access to their own unlimited-storage DVR

Amazon: Free Shipping Minimum Returns to $35

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Did you hear?

Amazon has returned its free shipping minimum to $35, after almost a year of offering free shipping only for orders of $49 or more.  This applies to those who are not Amazon Prime members.

The many perks of an Amazon Prime membership

Student Debt in America Keeps Climbing Up

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Student Debt in America Hits Another Record High in 2016

The total U.S. student debt value keeps climbing up and is now at a record $1.31 trillion.  Ouch.

Total U.S. student debt hit a record $1.31 trillion last year, the 18th consecutive year Americans’ education debt rose, according to the Federal Reserve Bank of New York.

Outstanding loans taken out for higher education have doubled since 2009, data show. No other form of household debt has increased by as much since then. In fact, of the six major categories of consumer debt tracked by the New York Fed, only student loans and auto debt have increased since year-end 2008 (total auto loans are up 46 percent). Total household debt has fallen by 1 percent.

Read more from Shahien Nasiripour at Bloomberg here…

Millennials Earning 20% Less Than Parents Did At Same Age

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New analysis of Federal Reserve data released today states that millennials are earning 20 percent less than their parents (Baby Boomers) did at the same age.  The report compared 25 to 34 year old individuals in 2013 (the most recent year available) to the same age group in 1989 after inflation adjustments.

Here is an overview/summary of the findings from the analysis:

  • Millennials have a median household income of $40,581
  • The median net worth of millennials is $10,090
    • This is 56% less than it was for boomers in 1989
  • Millennials have a lower home ownership rate than boomers
    • Home ownership rate dropped to 43 percent (down from 46 percent in 1989)
    • The rate has improved for millennials with a college degree relative to boomers
  • Millennials student debt is drastically higher
  • The median college-educated millennial with student debt is only earning slightly more than a baby boomer without a degree did in 1989

“The challenges that young adults face today could forecast the challenges that we see down the road,” said Tom Allison, deputy policy and research director at Young Invincibles.

[Read more at USA Today…]

6 in 10 Americans Don’t Have $500 in Savings

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If you were suddenly hit with a $500 unexpected bill, would you be able to cover it?

If the answer is no, you’re not alone.

Nearly six in 10 Americans don’t have enough savings to cover a $500 or $1,000 unplanned expense, according to a new report from Bankrate.

Only 41% of adults reported having enough in their savings account to cover a surprise bill of this magnitude. A little more than 20% said they would put it on a credit card, the report said, while 20% would cut their spending and 11% would turn to friends and family for financial assistance.

“This is a persistent American problem of how you should handle your finances and spending,” said Jill Cornfield, retirement analyst for Bankrate.

[..Read more here from at CNN Money]

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