Kelly Dilworth

Kelly Dilworth

Kelly Dilworth is a former staff reporter at She began her career in journalism at The Atlantic in 2007, then detoured into nonfiction book publishing for several years. She returned to journalism in 2010 and since then has written about everything from 20-somethings with Herculean credit scores to the Federal Reserve's monetary policy decisions. Kelly holds a degree in liberal arts from Sarah Lawrence College and lives in Austin, TX. ...

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Millennials have a reputation for steering clear of high-interest plastic in favor of cash, prepaid cards and debit. A spate of recent studies released this summer, however, suggests that millennials' appetite for credit may be stronger than they're given credit for.
Researchers have been saying for years that if you want to extract more happiness from your purchases, you're better off buying experiences that you'll savor -- such as dinner at a favorite restaurant or a memorable family vacation. Yet according to a new study in the Journal of Consumer Research, people living on a budget are more likely to take the opposite approach and buy material possessions they mistakenly assume will have a more lasting impact.
Online retailers are capitalizing on parents' sleep deprived shopping habits by designing parent-friendly apps that make it easier than ever to overspend online.
When it comes to using credit cards responsibly, today's college students are surprisingly good at handling high-interest credit, according to a new Ohio State University study. The trend toward responsible credit use might not last for long, however. Additional research released this year shows that younger college students aren't nearly as responsible.
Beginning in September, Synchrony Bank -- the issuer behind a number of popular store cards, including the Sam's Club MasterCard, the Gap Visa and the eBay MasterCard -- will begin offering cardholders personalized pricing and discounts based on data it gleaned from Synchrony Bank-issued credit cards.
If you're short on cash and can't qualify for a low rate credit card or personal loan, a high interest payday loan may seem like your only option. Don't give up just yet: A growing number of startups are introducing innovative tools for consumers in a cash crunch and, in some cases, offering loans at significantly lower rates.
Personal finance experts frequently tell shoppers to save money on food by buying in bulk, watching out for sales and cooking food at home. But according to a new study in the International Journal of Consumer Studies, those tactics could cause you to spend more money in the long run by encouraging you to buy more food than you'll eat.
To me, driving to a bank and meeting face-to-face with an adviser is not only time-consuming, it's a surefire way to limit my options and risk missing out on better deals. According to a spate of recent studies, I'm not the only millennial who feels that way.
If your finances are merged, should you ever keep a purchase hidden from your partner, even if it's just a small expense?
If you frequently use your credit cards to pay for unforeseen expenses, you may want to take a closer look at your monthly budget. According to the inaugural study from the J.P. Morgan Chase Institute, many people endure significant fluctuations in their monthly income and expenses, but fail to adjust their monthly spending when their income temporarily recedes.
Shopping on your smartphone may be more convenient than visiting a brick-and-mortar retailer, but it could also cause you to spend more than you would otherwise, according to a new study published in the Journal of Retailing.
Carrying excess credit card debt isn't just bad for your credit score; it can also take a toll on your mental health, according to a new study published in the Journal of Family and Economic Issues.
Good financial hygiene requires a high tolerance for tedium, but many people with ADHD have trouble paying attention to things that don't interest them. As a result, boring but important tasks -- such as balancing a checkbook -- often get left undone.
Toy stores are full of specially designed piggy banks promising to teach kids how to save. According to a new study published in the Journal of Consumer Affairs, however, parents may want to hold off on purchasing a brand-new piggy bank -- or opening a savings account in their child's name -- until their kids are old enough to benefit.
A family in Lexington, Massachusetts has come up with an unusual game for teaching their 11-year-old son about money: Every month, they hand over a wad of receipts and the family's monthly credit card statements and ask him to look for unusual charges.
According to banking executive Kevin Tynan, bankers may be wasting their time worrying about the cash-strapped millennial generation. Millennials don't spend enough to be profitable and they're more likely to change banks if they find one they like better.
It's not that I don't trust him. My husband is better at handling money than anyone I know. But I still peek at the card offers he gets, and keep tabs on his bill paying. But that's me -- and the millennial generation, according to a new study from J.P. Morgan Chase. The study says a surprising number of Americans are hiding their credit scores from their partners, and openness about credit matters is associated with age: The younger you are, the more open you are.
I've been thinking pretty seriously lately about applying for my first American Express card after receiving some tempting offers. But with all the bad press the card issuer has been getting over the past few months, I'm starting to wonder: Are American Express cards as valuable as they used to be?
It's now easier than ever to see your credit score for free thanks to a growing number of credit card providers offering cardholders free scores. But according to a study from the credit bureau TransUnion, access hasn't brought clarity. Despite easier access to their scores, the three-digit numbers still mystify.
The next time you visit a store, think twice about the direction of your gaze when comparing different products. According to a forthcoming study in the Journal of Consumer Research, retailers could influence which products you prefer -- and how much you're willing to pay for them -- simply by placing them higher, or lower, on the shelf.
While clipping coupons and hunting for deals is more fun than sticking to a budget, you'll save more cash if you create a budget before you shop, according to a new study in the Journal of Consumer Research.
According to a growing body of research in a field of science called genoeconomics, the size of your bank account -- and the amount of credit card debt you carry -- may be partially determined by your genes.
Having more money in the bank won't make you feel happier on a day-to-day basis, according to a new study. But it might make you less unhappy -- especially if you have enough cash stashed away to feel like you have some control over your circumstances.
The other day, my debt-averse husband shocked me when he proposed taking out a personal loan to help pay for our upcoming move to Southern California -- one of the priciest regions in the country.
According to a new study published in Science magazine, researchers with access to 'anonymized' credit card data -- transactions that have been stripped of personally identifying information -- can piece together who bought what simply by using a few publicly available markers they've collected online, such as geo-tagged tweets and time-stamped Facebook status updates.
Qualifying for a new loan is about to get easier for the millions of Chinese computer users who don't yet have a credit card, but regularly go online to shop, pay bills and invest their personal savings.
Millennials are thumbing their noses at credit cards and traditional banking services, according to multiple reports, and that's making some people in the financial services industry nervous about how they're going to attract such a picky crowd.
The next time you reward your kids for good behavior, you might want to hold off on showering them with toys. According to a forthcoming study in the Journal of Consumer Research, kids who are frequently given material objects in exchange for doing well are more likely to grow up to be materialistic adults.


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