Younger generations pay the most in bank fees, report finds
CBSN
Bank customers between the ages of 18 and 41 are paying more than three times as much in ATM and overdraft fees compared to baby boomers with checking and savings accounts, according to a Bankrate survey released Tuesday.
Baby boomers pay an average of $2 a month in bank fees, while Gen Xers — people ages 42 to 57 — pay $4 on average, the survey found. By comparisons, the typical millennial pays $16 a month, while Gen Zers pay $19. The poll also found that younger customers are much more likely to have the type of accounts that charge monthly fees.
Bank overdraft fees in the U.S. have hit an all-time high. In 2021, the average fee for overdrawing your account rose to $33.58, a 22-cent increase over the past two years, according to a different Bankrate analysis. Among major U.S. cities, people living in Baltimore, Houston and Philadelphia paid the highest overdraft fees last year at more than $35. Cincinnati, Los Angeles and St. Louis paid the lowest fees at around $31.
Officials at Immigration and Customs Enforcement have been scrambling to carry out a weekend directive from President Trump to have immigration agents provide security at airports amid the partial government shutdown, multiple sources familiar with the internal deliberations told CBS News. In:
Fentanyl was found inside Barbie doll packages being sold at a discount store in Missouri, police said on Saturday. In:
New Jersey Senator Cory Booker hasn't been the mayor of Newark since 2013. But when he walks around his neighborhood, you'd never know it. One passer-by yelled out, "The best mayor ever!" In:
Fentanyl was found inside Barbie doll packages being sold at a discount store in Missouri, police said on Saturday. In:
CBS News contributor Arthur C. Brooks is the author of a new book, "The Meaning of Your Life: Finding Purpose in an Age of Emptiness." This morning, he's charting an unlikely path to happiness:
When gauging a war, Americans consider at least two important things: what the goals are overseas and its impact back home. In:
The peace and tranquility of Muir Woods, just north of San Francisco – home to 500+ acres of old-growth redwoods – make it just about the last place you'd expect to find a fight brewing. "The fact that they're taking down whole groups of signs about climate change and our nation's history is disappointing, and embarrassing," said retired U.S. Park Ranger Lucy Scott In:
We share our planet with maybe 10 million species of plants, animals, birds, fish, fungi and bugs. And to help identify them, millions of people are using a free phone app. "Currently we have about six million people using the platform every month," said Scott Loarie, the executive director of iNaturalist, a nonprofit.
Washington — As voters gear up for the midterm elections in November that will decide control of the House and Senate, the Supreme Court is set to weigh Monday whether states can count mail ballots that are postmarked by, but arrive after, Election Day.
It was in June 2020 when Linda Dane learned the disturbing circumstances of how her long-lost brother Gary Herbst's skull had been found by a dog in rural Barron County, Wisconsin. In:
A possible meteorite crashed into a Houston area house on Saturday night, tearing through the roof and two stories of the home, officials said. In:
The Senate on Saturday blocked an amendment that would ban transgender athletes from playing in women's sports, rejecting one of President Trump's priorities as he pressures Congress to act on a broad voting bill.
Robert Mueller, a former FBI director who led the investigation into allegations of Russian meddling in the 2016 election, has died, multiple sources told CBS News on Saturday. He was 81. In: