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5 things to know: 5-21-12

By Rose Raymond · Bankrate.com
Monday, May 21, 2012
Posted: 8 am ET

Happy Monday! Facebook is public, and Americans' financial confidence swells. Here are the hot stories you need to read today.

1. Mark Zuckerberg got married, and Facebook is now public following the largest tech IPO in U.S. history. You can't have the hooded tech overlord's heart, but you can get a piece of his empire. Should you? Here's what to know.

2. Americans' outlooks on their finances have been sunnier of late, according to Bankrate's Financial Security Index, released Monday. Find out why.

3. On the flip side, rising gas prices caused many consumers to cut back in spending on other areas this spring. But experts say pain at the pump is more psychological than economical.

4. In millionaire news, Eduardo Saverin may have ruined it for the other rich Americans planning to renounce their citizenship to avoid paying taxes. Inspired by his departure, two senators are planning to introduce an act to prevent such moves by the rich in the future. Saverin's people say he didn't make the move to save on taxes, however.

5. In everyone-else news, Americans have more credit card debt than they did last year, but they've been more punctual about making payments, a new study from TransUnion reveals.

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