How Do You Compare to the Average American?

Motley Fool Answers

The Motley Fool

Taxes, Saving, Money, Investing, Planning, Retirement, Personalfinance, Finance, Education, Business

4.4 • 823 Ratings

🗓️ 4 February 2020

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

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Summary

Bro will walk us through the heaps of research to see how you compare to the average American in all things financial: debt, savings, income, and more. Also, which way will your credit score when the new FICO scoring system is in place? Probably up because you're smart and listen to this podcast.

Transcript

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0:00.0	This is Motley Fool Answers. I'm Alison Southwick and I'm joined as always by Robert Brokamp,
0:08.2	personal finance expert here at The Motley Fool.
0:12.2	Hey Allison!
0:13.2	Whoa, you're bringing the energy!
0:14.7	We're trying. It's 3 o'clock on the afternoon here!
0:17.2	I think about 100 listeners just like swipe their headphones out of their head as quickly
0:22.7	as possible.
0:23.7	All right, we're going to take it down a notch now.
0:25.1	Okay, welcome to Molly Full Answers.
0:27.2	In this week's episode, we're going to find out how you compare to the average American
0:30.7	in all things financial.
0:32.5	And we're going to guess which direction your credit score is likely to go once the new FICO
0:36.1	scoring comes to your credit
0:37.7	history. All that and more on this week's episode of Motleyful Answers.
0:42.3	So, Allison, what's up? Might it be my credit score? Maybe. Let's find out. For some of you,
0:49.3	yes. For some of you, it's not what's up. Yep. So it's time, once again, for Fair Isaac Corp. Are they
0:55.8	called Fair Isaac Corp? The Fair Isaac Corporation is.
0:59.0	Fair Isaac Corporation to adjust their FICO score, which is how they calculate credit scores.
1:03.8	According to The Washington Post, 40 million Americans could see a drop in their score,
1:08.3	but the good news is another 40 million Americans could see their
1:11.6	score go up. So, what group are you likely to be in? Bro, I think I know the answer for you.
1:16.6	But we'll see.
	...

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