Economists are increasingly worried that young Americans will spend years buried under student debt.
Joe Mihalic was determined not to be one of the many young Americans that economists are increasingly worried about that will spend the coming years buried under student debt.
Continue reading… “How one man wiped out $90,000 in student loans in 7 months”
Americans 60 and older still owe about $36 billion in student loans.
Senior citizens are an unexpected demographic that is still burdened with paying for college and the student loans are wreaking havoc on their finances.
Continue reading… “Student loans still a burden on senior citizens”
Lower-income people struggled the most with medical debt.
One in 5 Americans say their families are having trouble paying their medical bills, according to a new survey. Worse, half of those who are struggling say they are unable to pay a single dime toward those debts.
Continue reading… “1 in 5 American families struggle with medical debt”
Credit cards are the most common form of financing for small business startups.
There are eight solutions to financing your startup with debt. When you are talking about debt options, think of loans and lines of credit that you pay back to a lender. We are not looking at any equity solutions such as angel investors, venture capital, etc. But nothing is easy these days and if you have damaged credit or you’re looking for several hundred thousand dollars it’s much less likely to happen purely with debt.
Continue reading… “8 debt options to finance your small business startup: part 1”
Futurist Thomas Frey: If you listen closely you can almost hear the armaments of battle being rolled into place. The stage is set with warring parties getting organized and the frontlines prepared. 2012 is destined to become the most turbulent year on record, a battleground of epic proportions.
Continue reading… “Eight Colliding Forces of 2012”
A growing problem.
Reclamations, a journal published by University of California students, has published a special, timely pamphlet called “Generation of Debt,” on the trap of student debt in America. Young people in America are bombarded with the message that they won’t find meaningful employment without a degree (and sometimes a graduate degree).
Meanwhile, universities have increased their fees to astronomical levels, far ahead of inflation, and lenders (including the universities themselves) offer easy credit to students as a means of paying these sums (for all the money they’re charging, universities are also slashing wages for their staff, mostly by sticking grad students and desperate “adjuncts” into positions that used to pay professorial wages; naturally, the austerity doesn’t extend to the CEO-class administrators, who draw CEO-grade pay).
Continue reading… “Essays on the trap of US student debt”
Many Americans have to postpone retirement.
Many Americans are reaching their 60s with so much debt they can’t afford to retire. Before retiring most people would pay off their debts. But as wages have barely kept up with rising prices over the past 35 years Americans have pushed debt higher, living beyond their means. Now, people are postponing retirement, cutting living standards or both.
Continue reading… “Debt problems plague older Americans”
Safe for another year or so.
One of the cornerstones of Amazon’s business has been avoiding sales taxes; because their transactions are online, you don’t have to pay Uncle Sam with every purchase. And now, thanks to some maneuvering around a proposed California law, you’ll remain off the hook for another year…
Continue reading… “Amazon staves off the tax man for another year”
Since 1999 outstanding student loan debt has grown by more than 511 percent.
“I still have student loans,” David Guard, a graduate of Gettysburg College and American University, told Fox News recently, as lawmakers and the White House bickered over the debt ceiling. “I could see an increase in those interest rates.”
Continue reading… “Will student loan debt be America’s next big bubble?”
Japan takes No. 1 spot with the most debt.
People in the United States have spent a lot of time worrying about our national debt lately. But while the U.S. owes plenty of money, we may not be in nearly as bad of shape as some of our peers.
Continue reading… “Ten developed countries with the most debt”
Late payments are at a 17 year low.
The rate of late credit card payments fell to a 17-year low in the second quarter, another sign of household belt-tightening.
Continue reading… “More credit card users paying their bills on time”
NYU Professor Nouriel Roubini warns that a “perfect storm” could hit the global economy.
Nouriel Roubini, a Professor at NYU has seized the headlines again this morning. Roubin is warning that a “perfect storm” of economic disasters may clobber the global economy in 2013.
Continue reading… “‘Perfect storm’ could smash the global economy in 2013”
By delving into the futuring techniques of Futurist Thomas Frey, you’ll embark on an enlightening journey.
Learn More about this exciting program.