I OWE, I OWE
The article in Fast Company on Mint, a Web site that focuses on young adults who need help in managing their money, is worth reading for quotations like this from the 26-year-old founder, Aaron Patzer: “Your parents say ‘balance your checkbook,’ but you don’t have to anymore,” thanks to all the online tools available.
But what is more compelling are the statistics that the author, Anya Kamenetz, has included in the article. Consider these:
¶The median household income for people under 34 in 2005 was $48,405. From 2000 to 2005, that figure fell nearly 6 percent, according to the Census Bureau.
“This demographic, in sum, is sorely in need of an easy-to-use solution to their ample money woes,” Ms. Kamenetz writes. That explains why a number of money-management Web sites — Geezeo, Spendview and Wesabe among them — have started recently.