The United States is teetering on the brink of a student loan disaster of colossal proportions, with government reports and financial analyses indicating a crisis so profound that it threatens not only individual borrowers but also the broader economy. As the Department of Education resumes its “involuntary collections” on federal student loans, millions of borrowers
Personal
In contemporary society, the conventional markers of adulthood have morphed into nebulous standards that do little to reflect the complexities of modern life. Among the myriad of expectations placed on today’s youth, one seemingly benign milestone stands out: shedding the parental cell phone plan. According to a recent survey by AT&T, a staggering 76% of
In the current political climate, the federal student loan system is on a perilous path as proposed changes threaten to minimize college aid at a time when education costs are soaring. In essence, the alarming trend of surpassing inflation rates in tuition fees has reached a critical juncture. According to recent data, tuition and fees
In the land of opportunity, a staggering 77% of Americans now find themselves wrestling with the grim specter of financial insecurity. In an age where economic stability feels like a distant fantasy, almost half of the adult population believes they need an income of at least $100,000 a year to achieve even a semblance of
In the seemingly uncomplicated world of energy, one would expect prices to reflect a straightforward relationship between supply and demand. However, the current landscape in the United States tells a more vexing tale. With household electricity prices soaring by 4.5% in the past year alone, a trend that outstrips the overall inflation rate, there’s a
In an economic landscape that should ideally be thriving, the relentless ascent of credit card interest rates signals a grim reality for consumers. As reported by LendingTree, credit card APRs have reached an alarming average of just over 20%, continuing a disturbing trend that has persisted for three consecutive months. The average annual percentage rate
The latest report from the Social Security Board of Trustees has painted a bleak picture of the future of America’s social welfare safety net. The trust fund that underpins Social Security is projected to be fully depleted by 2033, with only 77% of benefits available thereafter. This is a grim reality for millions who have
In a surprisingly predictable yet troubling turn of events, Senate Republicans are rushing to finalize President Trump’s so-called “big beautiful” spending bill, focusing on a key piece—an amendment to the child tax credit. While negotiations between the Senate and the House are ongoing, the content and ramifications of these provisions deserve critical examination. The Tax
The introduction of the so-called “Trump accounts,” a proposal that sets a $1,000 federal deposit for every child under eight, presents a controversial yet earnest attempt to jumpstart the savings culture among American families. In an era where financial literacy and wealth accumulation are often thrust into the backdrop of public policy, the idea of
The SALT (State and Local Tax) deduction is no stranger to controversy, especially as it enters the limelight once again amid the current discussions surrounding President Donald Trump’s proposed spending package. Originally implemented as part of the Tax Cuts and Jobs Act (TCJA) of 2017, the SALT deduction has been ensnared in a web of