Education: Why “student loan” balances grow larger after making payments
Perhaps 20% of education loan borrowers owe more than their original loan - because they have no understanding of how loans work.
Economy, government: U.S. Government Debt
These charts are amazing and scary.
Personal Finance: Most American retirees doing “okay financially”
That is not the impression you get from the doomerism media, but the data shows 80-85% of retirees say they are doing okay.
Demographics
Economy
Finance
Geopolitics
International/Global/Immigration
Management
Personal finance
Policy/Government
Economy: The most important 40 minutes of your life
The most important video you can watch today. Or tomorrow or any day this year. If we do not act on our budget deficit problem, the U.S. will eventually collapse…
Where not to get stock advice?
Editor of Electrek.co boasts of selling all of his Tesla shares early in September. Since then, the share price is up by about $50/share.
Pretty much every generation becomes the wealthiest generation eventually
In a long time growing world economy, each new generation will eventually be the richest generation.
Finance: Are you oversaving for retirement?
Contrary to conventional wisdom, economics research suggests many young workers should postpone saving for retirement. They have a point.
Finance: Should we forgive auto, business, home loans?
Why should we forgive education loans but not others?
Economy: There are at least two ways to cut costs
More subsidies and price controls is always the answer. And the wrong answer.
Education debts
The problem is not "student debt" - the problem is financial illiteracy by students who take $300k in debt to attend prestigious schools.