@@PersonalFinancewithLeila I’m a Mississippian, a lot of us have family land and usually start off with mobile homes while saving up to build a house on that same land. Then the mobile home is then used by the next family member/s who needs it. Also Mississippi is pro cash 💵 and anti cards 💳 lol
Well all major banks except Capital one! (For some reason it just seems to be them that are offering a competitive APY out of other big brick and mortar banks). Then again Capital One seems to be pretty aggressive with gaining market share. - High APY - Venture X - New Cafes and Lounge openings - Buying up Discover
I live in New York City and I wasn’t shock to see that we had one of the highest credit card debt. NYC is hella expensive and therefore people live above their means through credit card debt. Also I agree with you on the importance of women learning about finances. I CRINGE every time I hear a female say “my husband/boyfriend handles all the finances” 🙄
I am forever grateful to my parents who taught me to focus on my own goals and performance above all else. I'm 63yo and remember a time when women could not get a mortgage or credit card in their own name, and could not get a job, open a bank account, buy a car or rent an apartment without the written permission of their husband or father. I also remember when loan interest rates were 14% and higher. People don't realize how good they have it now.
I also remember when loan interest rates for anything that wasn't a house were above 14%, it was last week. But in all seriousness, I would much rather have early 80's house prices and mortgage rates than today's. Much more affordable back then when accounting for contemporary incomes and the cost of college.
Re women saving - I think another point is it’s just more expensive to be a woman. In addition to things that have the “pink tax” - all of the categories that you spoke of with the card are more expensive - men just don’t do their nails, have facials etc.
Think of credit card debt as a percentage of income. The top 5 states with highest credit card debt are affluent while the lowest 5 are not. For affluent folks, a few thousand on the credit card doesn't have much impact. It may even be revolving debt thats paid off in whole every month.
6:38 the context behind women in the past not being able to have credit unless they had a male cosigner was because a man was legally obligated to pay the debt of his wife. So if a woman racks up 100k in debt, her husband was responsible for it. So a man would have a vested interest in his wife's personal finances, knowing that it would be up to him to bail her out.
The opposite was also true. Despite the women needing the man to co-sign for her, if the man passed, the woman would be responsible for his debts regardless of the fact that she wasn't a primary owner on the account.
Women stress more about money because in my experience mothers prioritize more the family or kids expenses. They rarely spend money on themselves, moms spend more money on their children than men do. My experience.
I’m a black Mississippian, and it’s the same for the white population as well, a lot of us have family land and usually start off with mobile homes while saving up to build a house on that same land. Then the mobile home is then used by the next family member/s who needs it. Also Mississippi is pro cash 💵 and anti cards 💳 in many ways.
![[Live] : ONE 168 วันนี้!! "โจนาธาน vs ซุปเปอร์เล็ก"](http://i.ytimg.com/vi/0jIN65KgJsI/mqdefault.jpg)
Mississippi also has the highest percent of homeowners that are mortgage free. Interesting.
Oh that is really interesting! I didn't see that one!
@@PersonalFinancewithLeila I’m a Mississippian, a lot of us have family land and usually start off with mobile homes while saving up to build a house on that same land. Then the mobile home is then used by the next family member/s who needs it. Also Mississippi is pro cash 💵 and anti cards 💳 lol
Republican state, too. Do the math.
These stats really how important financial literacy is. Thanks for sharing!
Well all major banks except Capital one!
(For some reason it just seems to be them that are offering a competitive APY out of other big brick and mortar banks).
Then again Capital One seems to be pretty aggressive with gaining market share.
- High APY
- Venture X
- New Cafes and Lounge openings
- Buying up Discover
True! Capital One is really good!
omg thank you for sharing about the Sequin debit card!
Of course!! It's a very cool card!
I live in New York City and I wasn’t shock to see that we had one of the highest credit card debt. NYC is hella expensive and therefore people live above their means through credit card debt.
Also I agree with you on the importance of women learning about finances. I CRINGE every time I hear a female say “my husband/boyfriend handles all the finances” 🙄
I am forever grateful to my parents who taught me to focus on my own goals and performance above all else. I'm 63yo and remember a time when women could not get a mortgage or credit card in their own name, and could not get a job, open a bank account, buy a car or rent an apartment without the written permission of their husband or father. I also remember when loan interest rates were 14% and higher. People don't realize how good they have it now.
I also remember when loan interest rates for anything that wasn't a house were above 14%, it was last week. But in all seriousness, I would much rather have early 80's house prices and mortgage rates than today's. Much more affordable back then when accounting for contemporary incomes and the cost of college.
Re women saving - I think another point is it’s just more expensive to be a woman. In addition to things that have the “pink tax” - all of the categories that you spoke of with the card are more expensive - men just don’t do their nails, have facials etc.
True!
This is a very interesting video, Leila.
Think of credit card debt as a percentage of income. The top 5 states with highest credit card debt are affluent while the lowest 5 are not. For affluent folks, a few thousand on the credit card doesn't have much impact. It may even be revolving debt thats paid off in whole every month.
6:38 the context behind women in the past not being able to have credit unless they had a male cosigner was because a man was legally obligated to pay the debt of his wife. So if a woman racks up 100k in debt, her husband was responsible for it. So a man would have a vested interest in his wife's personal finances, knowing that it would be up to him to bail her out.
The opposite was also true. Despite the women needing the man to co-sign for her, if the man passed, the woman would be responsible for his debts regardless of the fact that she wasn't a primary owner on the account.
Great video 😊❤😊
Women stress more about money because in my experience mothers prioritize more the family or kids expenses. They rarely spend money on themselves, moms spend more money on their children than men do. My experience.
Mississippi is poor AF
So you make a video about how bad credit card debt is right now but then promote more credit card spending…. Cool.
The economy is terrible. Thanks for sharing this important info
High Black population
I’m a black Mississippian, and it’s the same for the white population as well, a lot of us have family land and usually start off with mobile homes while saving up to build a house on that same land. Then the mobile home is then used by the next family member/s who needs it. Also Mississippi is pro cash 💵 and anti cards 💳 in many ways.