27 Sep Don’t Lend Cash To Loved Ones; Concerns About Facebook Cryptocurrency
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Lending Cash to Loved Ones Ends Badly for Nearly Half of Americans
According to Bankrate’s latest survey, 60% of Americans have helped out a friend or family member by lending cash with the expectation of being paid back, while 17% have lent their credit card and 21% have co-signed for a financial product like a loan or rental. But more than a third who participated in at least one of these activities were negatively impacted, resulting in lost money, a damaged credit score or harmed relationship. [Bankrate]
Your mom was right: lending money to a friend or relative often leads to a strained relationship
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Facebook’s Libra Cryptocurrency Sounds a Lot Like What China’s Doing. Here’s Why That Should Scare You
Libra isn’t simply digital currency. Facebook and its 20-plus partners are building a payment platform to integrate with our daily lives. Soon I expect its authentication to be biometric–we’d have our faces scanned rather than sign our…
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