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December 11, 2017


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I agree with you, this shouldn't surprise anymore, but it still does. I often think of how shockingly little people seem to care or know about their finances. Even such a simple thing as to know how much is in their accounts.

You would think that it wouldn't be so hard today either with all the apps and things that can give us easy access to our financial info.

I guess we're just very slow learners when it comes to our money.

Have a great day and thank you for sharing your thoughts!

That 15B in overdrafts divided into 100M households is something like $150 per household per year on average. It's not chump change, but it pales in comparison to the elephant in the room, namely yesterday's headline "Average US household owes $15,654 in credit card debt". Hopefully most of this is at 0% APR but I would guess it isn't-- if the average is ~10%, then the interest paid by the average household is 10x what they pay in overdraft fees.

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