Consumers have remained remarkably resilient amid a series interest rate hikes aimed at cooling inflation. However, there are recent signs of a shift. Shoppers are still buying more than last …
Earning a good salary is one thing, feeling “rich” is another. Even doctors, lawyers and other highly paid professionals — also referred to as the “regular rich” — who benefit …
A ‘richcession’ may be underway “In most recessions, unemployment rises more for lower-income groups,” said Tomas Philipson, a professor of public policy studies at the University of Chicago and former …
By nearly every measure, Americans are financially strained. Yet, we’re coming up with new ways to justify expensive purchases. The latest way, coined “girl math,” breaks down the price of …
Astra Taylor Source: Isabella De Maddalena In 2014, Astra Taylor co-founded the Debt Collective, the first union for debtors. Since then, one of her main goals has been to get …
Jose Luis Pelaez Inc | Digitalvision | Getty Images Americans increasingly turned to their credit cards to make ends meet heading into the summer, sending aggregate balances over $1 trillion …
Carlo Prearo | Istock | Getty Images Max out federal aid first People should consider taking out a private loan only when they have reached the federal student loan limits …
Lucigerma | Istock | Getty Images Predictions that a recession may be looming for the U.S. economy have so far not come to fruition. Now, some experts are backing off …
President Joe Biden speaks at the White House on June 30, 2023. Bloomberg | Bloomberg | Getty Images First plan excluded a small share of borrowers At an estimated cost …
Johnnygreig | E+ | Getty Images Interest will start accruing in September Although federal student loan payments won’t be due until October, interest will continue collecting on your debt again …