Economy: When the government is the economy
In major countries, the government is now 25% to nearly 50% of the economy?
Demographics, Finance: The price of happiness
How much money do you need to be happy? How is wealth created?
Demographics, finance: Financial literacy not high?
1 in 3 Gen Z borrowers can’t afford to go home for the holidays (cnbc.com) The majority of Gen Zers, 66%, plan to take on debt to get through the…
Finance: 1 in 4 Americans have debts from last year’s holiday shopping
1 in 4 Americans are paying off debt from last year's holiday spending; 1 in 5 have applied for another credit card so they can spend more this year.
Media: “The cost of homeownership spiraled upwards last year”
Everything about financing a home purchase surged last year, from mortgage rates to fees and discount points, according to a report from the Consumer Financial Protection Bureau on mortgage costs.…
Finance: Mortgage rates over time
Mortgage Rates Chart | Historical and Current Rate Trends (themortgagereports.com) A LOT of people forget about the late 1970s to up to 2000. While an 8% mortgage rate today seems…
Crime: Astounding allegations of fraud surrounding FTX crypto exchange
The FTX crypto exchange is alleged to have involved billions of dollars in fraudulent spending of customer's investment money on self dealing by executives.
Personal finance: Why education loan borrowers may be in a pinch
A large percentage of those with education loans took advantage of the "Covid pause" on repayments to ... take on more loans. Not good.
What could possibly go wrong? Don’t pay off your education loan debts?
The above individual notes he did, in fact, pay off his own education loans and did not give permission to Newsweek to quote his above tweet (where I learned of…