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Tag: private debt crisis

Credit Card Delinquencies Spike Among the “Rich”

  Inflation can be felt at every tax bracket. Federal Reserve Bank of Minneapolis President Neel Kashkari came out this week and said the public “viscerally...

Cap on Credit Card Late Fees Hurt Financially Illiterate Americans

The Biden Administration implemented a new rule that will cap credit card late fees at $8. The Consumer Financial Protection Bureau has praised the measure,...

The Student Loan Boycott

President Joe Biden promised student loan cancelation during his initial presidential campaign. This became a big selling point for one-issue voters strapped with...

The Second-Largest Contributor to US Private Debt

The Federal Reserve Bank of New York’s data shows that auto loans have surpassed student loans, becoming the second-largest debt burden for U.S. consumers....

American Wealth Declined in Q3

According to a recent Federal Reserve report, US household wealth experienced a significant decline in the third quarter, largely attributed to deep stock losses....

Cost Of Living Outpaces Wage Increases

A recent study by Achieve revealed that despite a 37% increase in income, many Americans are facing financial challenges due to rising costs and high interest...

Black Friday – A Key Weekend for Retailers

Retailers have been preparing for Black Friday and Cyber Monday all year. The tradition of post-Thanksgiving shopping has spread internationally with companies...

Politicians With Student Loans Push for Cancelation

Politicians will always vote in favor of their self-interests. The invisible hand is fully visible here. The Supreme Court reminded Biden that he could not bribe...