A person’s credit report tells a story about their childhood. New research, released last month by Harvard’s Opportunity Insights, shows that a strong predictor of an adult’s bill-paying habits—the main determinant of credit scores—is the environment in which they grew up. The study, based on a sample of more than 25 million Americans, reveals lifelong differences in repayment behavior emerging by early adulthood according to race, hometown, and socioeconomic class.
What your credit score says about how, where you were raised
Popular Articles
-
Law enforcement agencies across Canada are sounding the alarm over a rise in sexual extortion (“sextortion”) against young people.This post was originally published on this site
-
Roughly a quarter of adults in the U.S. are caring for elderly family members or children with an illness or disability—and sometimes both at the same time. Despite family caregiving consuming time and resources for [...]
-
Securing a mortgage requires a clear plan that delivers results. Vancouver’s real estate market moves fast, and choosing wisely can save thousands over time. Expert mortgage strategies help homeowners, first-time buyers, investors, and entrepreneurs reach [...]
-
In an era where digital storage is a key player in productivity and personal organization, the need for fast, reliable, and portable data storage solutions has never been more critical. Among the companies at the [...]
-
Due to severe weather conditions, several roads in Dufferin County were closed on Monday, prompting Dufferin OPP to advise the public to stay home unless absolutely necessary. Police responded to numerous collisions caused by blowing [...]
-
Website design is a critical aspect of the digital world. It’s the face of businesses, the canvas for creativity, and a crucial touchpoint for user interaction. A great website designer combines technical skills, creative flair, [...]
-
In the world of cloud computing, data security is paramount. According to Ezops Cloud when it comes to Amazon Web Services (AWS), safeguarding your information is vital for protecting your business and your customers. This [...]