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Personal Finance News To Motivate And Depress You

Debt.com
4 min readAug 27, 2018

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The views and opinions expressed in this article are those of the author(s) and do not necessarily reflect the opinions and/or policies of Debt.com.

Here’s a headline you don’t see every day: “Americans Believe Tech Makes Their Lives Better But Society Worse, New Study Finds.”

Basically, we love our smartphones and on-demand entertainment, but we also believe it’s probably bad for you. That’s the conclusion of an in-depth-study from a firm called Verge Strategies.

As a CPA and financial counselor, I’m most interested in this nugget: “38 percent believe technology is making the gap between rich and poor wider, while only 22 percent believe technology is bridging the gap.”

Sign me up for that 22 percent. Technology might make the rich even richer, but it can also get the over-extended out of debt. How? I’ve been touting for years the various digital technology ways you can save money. The most direct include budgeting software like Tiller, but you can also save hundreds on prescription drugs with GoodRx and on a slew of items with FlexShopper.

This is just one of the studies I’ve perused lately, which I use as guideposts to chart the progress of Americans on the road to financial freedom. Sometimes, there’s a lot of speedy driving, but more often than not…

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Debt.com
Debt.com

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