As Democrats Weigh Student Loan Forgiveness, Will Credit Card Debtors Be Left In The Cold?

As Democrats Weigh Student Loan Forgiveness, Will Credit Card Debtors Be Left In The Cold? | Economy

President-elect Joe Biden has expressed support for up to $10,000 in student loan forgiveness for borrowers with federal loans. But Americans are twice as likely to have credit card debt as student loan debt. Until 1986, credit card interest was tax-deductible.

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Podobné články | 16. 05. 2022 11:04:57 | Economy

The Treasury secretary is traveling to Warsaw, Brussels and Bonn, Germany, this week at an uncertain time for the global economy.

Source: | 13. 05. 2022 22:10:12 | Economy

The market has been producing double-digit returns for investors, even at moments of great national strife. But the party has ended and it may be a long time before it begins again.

Source: | 13. 05. 2022 09:04:13 | Economy

The traffic was robust in March and April, reflecting the time it takes for sanctions to come into effect and an enduring profit motive for trading Russian energy.

Source: | 13. 05. 2022 01:16:20 | Economy

A steep sell-off that gained momentum this week starkly illustrated the risks of the experimental and unregulated digital currencies.

Source: | 11. 05. 2022 22:54:15 | Economy

The confirmation of a third Democrat creates an opportunity for Lina Khan, the Federal Trade Commission’s chair, to advance efforts to rein in corporate power.

Source: | 11. 05. 2022 13:05:23 | Economy

A survey by McKinsey & Company and Marshall Plan for Moms found that few workers had access to child-care benefits, but most mothers said such benefits would make them more likely to accept a job.

Source: | 10. 05. 2022 23:53:31 | Economy

Central bankers have been asking whether they should have reacted faster to rising inflation last year — and are learning from the recent past.

Source: | 10. 05. 2022 09:02:46 | Economy

Tax reductions and rebates that are being proposed to help people cope could have the unintended effect of pushing prices higher.

Source: | 09. 05. 2022 09:03:53 | Economy

New York State wants to rebuild the transit hub in Midtown Manhattan and pay for the improvements through a larger real estate development.

Source: | 09. 05. 2022 06:49:37 | Economy

It was a you-can’t-make-this-up moment of nerdy-billionaire excess. Each of the 364 guests was outfitted in a Lord of the Rings costume made by the designer who won an Oscar for the moviel

Source: | 09. 05. 2022 06:49:35 | Economy

The market declines that last longer than you expect mean you have to identify a series of support levels and determine which levels you can tolerate. Protective stops are important when the downside targets are exceeded, and patience is critical to avoid buying too early.

Source: | 09. 05. 2022 06:49:34 | Economy

A tradable low is unlikely until late June. Here are short sales selections.

Source: | 09. 05. 2022 06:49:32 | Economy

Congress's answer 55 years ago to Newt Minow's 'vast wasteland' speech on commercial television was the Public Broadcasting Act. The PBA to this day brings you PBS and NPR via the Corporation for Public Broadcasting (CPB). It's time now to add a 'public option' for social media to CPB's portfolio.

Source: | 09. 05. 2022 06:49:29 | Economy

Far East Organization and Sino Land have partnered with Perennial Holdings to buy the iconic Golden Mile Complex on the edge of the Singapore central business district for S$700 million, adding to signs of robust demand for older properties earmarked for redevelopment in the financial hub.

Source: | 08. 05. 2022 21:22:47 | Economy

Can you beat the market?

Source: | 08. 05. 2022 21:22:45 | Economy

I often hear people discuss "good investment returns." But, I think it’s also important to know "what to expect" during your investment journey. Because your journey will surely be unique to your needs and values.

Source: | 08. 05. 2022 21:22:43 | Economy

Stocks extended losses from Thursday’s brutal selloff.

Source: | 08. 05. 2022 21:22:27 | Economy

The incoming data tell us that a recession is unfolding. Once that recession is recognized by the business community, the Fed will be forced to stop its tightening.

Source: | 08. 05. 2022 21:22:26 | Economy

This bear market appears to have reached bottom

Source: | 08. 05. 2022 21:22:24 | Economy

Bitcoin, ethereum and other major cryptocurrencies have fallen sharply, wiping around $200 billion from the crypto market in just a matter of days.

Source: | 08. 05. 2022 21:22:23 | Economy

Studies suggest that up to 80% of financial planning recommendations are never implemented! Here's how to optimize the energy we put into financial planning.

Source: | 08. 05. 2022 21:22:21 | Economy

Mid-cap dividend stocks are the best bargain on the board right now.

Source: | 08. 05. 2022 21:22:20 | Economy

Carter Braxton Worth, a technical analyst, believes that Bitcoin could break below its support levels and soon fall to $30,000.

Source: | 08. 05. 2022 21:22:18 | Economy

Lack of consistent crypto reporting continues to be a drag on the sector

Source: | 08. 05. 2022 21:22:16 | Economy

Here are 5 apps that can help parents teach their children how to invest.

Source: | 08. 05. 2022 21:22:14 | Economy

Buffett and Munger’s partnership in managing Berkshire Hathaway has produced arguably the most remarkable extended performance for investors ever recorded. As market volatility has ramped up along with uncertainty, it is an optimal time to revisit four timeless lessons.

Source: | 08. 05. 2022 21:22:11 | Economy

Today's Social Security column addresses questions about who will and who will not have the 2022 COLA applied to their benefit rates, what happens to divorced spousal benefits when an ex dies and whether SSA actually overpaid benefits.

Source: | 07. 05. 2022 22:45:53 | Economy

Financial security in retirement is increasingly precarious for most Americans, especially women. As we celebrate Mother’s Day, here are three things mothers need to know about retirement.

Source: | 07. 05. 2022 22:45:51 | Economy

Tips on how older adults can avoid falling victim to the 3 top scams: romance, cryptocurrency and imposter scams

Source: | 07. 05. 2022 22:45:48 | Economy

Bitcoin prices logged additional losses today after the drop they suffered yesterday. Analysts weigh in on what drove these latest declines.

Source: | 07. 05. 2022 22:45:43 | Economy

The chief strategy officer of $5 billion crypto asset manager CoinShares, Meltem Demirors, warned governments are going to try to ban bitcoin and other cryptocurrencies...

Source: | 07. 05. 2022 22:45:41 | Economy

5 reasons why Biden may not cancel student loans.

Source: | 07. 05. 2022 22:45:38 | Economy

Today’s Kentucky Derby, horse racing’s most well-known event, is an unmistakable metaphor for so many things I see in the current investment markets.

Source: | 07. 05. 2022 22:45:36 | Economy

Punitive rules make people even more dependent on government aid, not less.

Source: | 07. 05. 2022 22:45:33 | Economy

An avenue open to Vladimir Putin may be to use Victory Day to engage in some much needed risk management, and to declare a ‘mission accomplished’ in the context of a much degraded Russian army.

Source: | 07. 05. 2022 22:45:31 | Economy

At times like this, our closed-end fund (CEF) dividends are a key tool to help see us through.

Source: | 07. 05. 2022 22:45:28 | Economy

Support levels are those areas on the price chart where enough buyers showed up previously to reverse the downward pressure of sellers.

Source: | 07. 05. 2022 01:19:38 | Economy

Critics have accused the Federal Reserve of not reacting quickly enough to tame rising prices. On Friday, a Fed governor explained why it took so long.

Source: | 06. 05. 2022 23:11:47 | Economy

Workers had accused the company of unlawful behavior during a recent union campaign.

Source: | 03. 05. 2022 11:05:16 | Economy

Supplies of goods are coming up short in the pandemic, and prices have jumped. Some economists warn that the changes could linger.

Source: | 02. 05. 2022 05:43:55 | Economy

While no chart is perfect, if I could only have one chart to analyze the stock markets it would be this one.

Source: | 02. 05. 2022 05:43:53 | Economy

We give to charity primarily because it feels good. Being strategic and intentional about charitable giving can increase the effectiveness of giving and increase donor satisfaction.

Source: | 02. 05. 2022 05:43:50 | Economy

Twitter is in an incredible position to attract a new set of creators and help them monetize better their content and what’s the better way to do this than by enabling crypto payments?

Source: | 02. 05. 2022 05:43:48 | Economy

If you are looking for Bitcoin to reach $50,000 or $100,000 this year as some are predicting you might want to look at Tom Aspray’s technical analysis of the yearly Bitcoin trend.

Source: | 02. 05. 2022 05:43:46 | Economy

Today Warren Buffett and Charlie Munger held court at the 2022 Berkshire Hathaway shareholder meeting. Here's what I learned.

Source: | 02. 05. 2022 05:43:44 | Economy

If you’re going to worry about inflation rates and their effect on the economy, better consider the main drivers of the country’s fiscal outlook.

Source: | 02. 05. 2022 05:43:42 | Economy

The biggest surprise of the month, a -1.4% real GDP print (preliminary) (market consensus was 1.0%) was greeted with a yawn on Thursday (April 28) because the components pushing down the GDP were not consumer spending issues.

Source: | 02. 05. 2022 05:43:39 | Economy

According to a new report from the Consumer Financial Protection Bureau, medical debt was a key source of consumer complaints about debt collection and credit reporting.

Source: | 02. 05. 2022 05:43:37 | Economy

Buffett and his right-hand man had harsh words for Wall Street at Berkshire Hathaway’s annual shareholder meeting.

Source: | 02. 05. 2022 05:43:35 | Economy

There are many reasons to be bearish the stock market, at least in the short term, from war to inflation to monetary tightening to fiscal spending declining in 2022.

Source: | 02. 05. 2022 05:43:33 | Economy

In mutual funds and exchange-traded funds (ETF), the main cost to the investor is the expense ratio. Paying a smaller expense ratio can help increase investor returns. Here are six ETFs that currently don't charge an expense ratio.

Source: | 02. 05. 2022 05:43:31 | Economy

The hedge fund performance numbers for March and the first quarter are finally in. Data from With Intelligence shows that hedge funds generally protected wealth during

Source: | 02. 05. 2022 05:43:29 | Economy

Berkshire Hathaway’s annual “Woodstock for Capitalists” was held on April 30th. After two years of virtual annual meetings, the energy was high for the return to in-person meetings, but attendance was below recent years.

Source: | 02. 05. 2022 05:43:27 | Economy

Ancient Rome is often used as a reference point for today's 'empires' and many declinists draw a comparison with the USA. yet the fall of Rome may have more relevance for China and Xi Jining.

Source: | 02. 05. 2022 05:43:25 | Economy

Tesla billionaire Elon Musk has mocked the legendary investor Warren Buffett after the Berkshire Hathaway chief executive again attacked bitcoin...

Source: | 02. 05. 2022 05:43:23 | Economy

Bitcoin and cryptocurrency prices have fallen along with stock markets this year as investors brace for a more hawkish Federal Reserve...

Source: | 02. 05. 2022 05:43:21 | Economy

Bitcoin and other crypto are transforming the real estate market

Source: | 02. 05. 2022 05:43:19 | Economy

With Kazakhstan in trouble, China's biggest cities on lockdown, and Russia bogged down in war, Uzbekistan looks for better days.

Source: | 02. 05. 2022 05:43:17 | Economy

This selloff has gone on seemingly forever, and I’m hearing from more investors who are feeling nervous.

Source: | 02. 05. 2022 05:43:11 | Economy

The market is likely to move lower. Here is a short sale.