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Credibly Financial News Roundup for the Week of December 14, 2015


Minyang Jiang

With the world of small business finance changing so quickly, who can stay on top of it all? Here at Credibly, we sift through hundreds of blogs, news alerts, and emerging Fintech trends every day, selecting the most important industry updates so you don’t have to. Here’s the financial news that caught our attention this week.

What The Federal Reserve’s Expected Interest-Rate Increase Means For Small-Business Lending by Amy Feldman, Forbes
“With the Federal Reserve set to raise interest rates for the first time in seven years, there’s been lots of talk about its impact on investors and home-buyers. But any increase will also affect entrepreneurs who are trying to finance operations or expand to new areas.”

13 Quick and Dirty Secrets for Writing Killer Emails by Geoffrey James, Inc.
“Doing business today means sending emails. In fact, the number of business emails sent each day doubles every four years. Today’s business emails are mostly read on smartphones rather than PCs, which means you’ve got to write tighter and cleaner. Since I train people to write killer sales emails, press releases, etc., I’ve collected a bagful of tricks and shortcuts. Here are a few.”

Is Offering Student Loan Repayment the New 401k? by Lydia Dishman, Fast Company
“CommonBond’s cofounder and CEO David Klein tells Fast Company that with about half of the staff currently paying back loans, the decision to help reduce their payments was met with excitement. ‘In fact, 100% of them with student debt have already enrolled in the benefit,’ Klein says. ‘Offering this benefit relates to a broader theme taking shape in the workplace, which is the growing emphasis companies are placing on financial wellness,’ Klein explains.”

Millennials Are Optimistic But Clueless About Credit by Chris Mentiko, The Street
“Millennials may be known as good savers and planners when it comes to their personal finances, but when it comes to credit, most don’t understand it — or even worse, show apathy toward it. While 71% of Millennials say they feel confident of their credit knowledge, 32% don’t even know their credit scores, according to a recent survey of Millennials by information service Experian.”

Why Is the Middle Class Shrinking and How Do We Save It? by G.E. Miller, 20SomethingFinance
“Pew Research Center grabbed headlines this past week with their analysis of U.S. Census data in a super-interesting 74 page study…Pew’s biggest eye-opening finding was that the middle class is no longer the majority of the country, having dipped from 61% of U.S. households in 1971 to 50% today. 120.8 million adults are now in middle income class households, while a combined 121.3 million are in lower and upper income classes.”


Have you checked out our small business education blog, In.Credibly?

Over at in.credibly.com we’re helping small businesses evaluate their working capital needs, source the right funding, and put those dollars to use more efficiently. This week, restaurant consultant Donald Burns wrote about five restaurant metrics you can’t afford to ignore, and FileThis CEO Brian Berson discussed how technology allows us to better manage the business of our lives.