US Treasury To Partner With Education Department To Collect Student Loan Debt
The student loan portfolio stands at nearly $1.7 trillion with almost 25 percent of borrowers in default....
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personal finance
Tax Season Will Bring Record Refunds. Use Them Wisely
The real test is whether these refunds translate into long-term financial well-being.
Fear Of The Second Wave
After that, two household incomes were more common than not, if only to maintain living standards...
What Would A Bank Run Look Like Today?
These days, money flows are throttled in every direction even without banking panics...
US New Home Sales Collapse By Most In 13 Years In January
...as mortgage rates tumbled?
'No Hire, No Fire' Economy Rolls On With Jobless Claims Back Near Record Lows
The number of Americans filing for jobless benefits for the first time fell to just 205k last week...
2020s: The Billionaires' Decade?
Billionaires' wealth remains undeterred by global crises, rising by 25 percent between early 2025 and early 2026...
Rate-Cut Odds Tumble As US Producer Prices Surged In February - Hottest In Over A Year
...and if oil prices remain elevated, PPI (and CPI) are about to become a whole lot hotter...
$5 Diesel Means A 35% Jump In Prices For US Consumers
However, unlike gasoline, where consumers feel the pinch immediately at the pump, the higher diesel costs show up indirectly over time...
US Pending Home Sales Barely Bounce Off Record Lows Despite Tumbling Rates In Feb
“The slight gain in pending contracts appears to be driven by improved affordability conditions. However, those conditions could reverse if higher oil prices lead to an uptick in mortgage rates,”
Renunciation Of US Citizenship Just Got A Whole Lot Cheaper
How about next returning to the situation before 2008?
Goldman Says Food Companies Struck An "Overall Cautious Tone" On The Consumer
"Overall, we continue to see a bifurcation across food, with strength in opening..."
Nordic Nations Rank Among Happiest & Wealthiest In The World
Some ultra-wealthy nations, including Singapore and Qatar, do not make the top 20 for happiness...
Alaskans Carry The Most Lifetime Credit-Card Debt Of All Americans, Iowans The Least
Americans accumulate about $398,000 in credit card debt over their adult lifetimes, on average... but it varies significantly by state.
401(k) Hardship Withdrawals Hit Record High
"For a small subset of workers facing financial stress..."
Trump Admin Sues California To Block Electric Vehicle Mandate
The Justice Department says state rules violate the federal fuel economy law, which would drive up car prices nationwide...
Inflation Fears Fade As War Drags UMich Sentiment Lower
...interviews completed after February 28th exhibited higher inflation expectations than those completed before that date
Savings Rate Highest In 6 Months As Fed's Favorite Inflation Indicator Rises Near 2-Year High
...and spending growth continues to outpace income growth
Volkswagen Plans 50,000 Job Cuts Due To Plunging Profits; Board Members Grab €1.75MM Each In Bonuses
Executive bonuses tied to a 2025 cash-flow target have triggered payouts of up to €1.75 million for board members even as workers lose bonuses and the company plans mass layoffs...
Eat The Rich: Sanders And Khanna Introduce Federal Billionaires Tax
If allowed, Congress would then be able to set any wealth level for special taxation...