Despite the political backlash and uncertainty for the macroeconomy brought upon by their plan, the Biden Administration remains steadfast in its argument that it is a vital step for Americans in the ultimate goal of solving the student debt crisis. Moreover, they believe it to be an efficient and sustainable solution — they maintain that because of the high default rates for student loans, the actual cost of the debt forgiveness plan will be lower than the theoretical expectation; however, the specifics of that value have proven to be difficult to calculate.
Despite the sheer stress and anxiety that the college application process induces, society has embraced it as the norm. This does not benefit anyone–or does it? Hundreds of corporations and other organizations have learned to capitalize on this stressful process, making millions of dollars in profit and transforming college applications into a booming industry.
Over the last four decades, the incarceration rate has grown exponentially: a 500% increase that has left prisons overflowing throughout the nation. This rise in incarceration is not a subsequent result due to a rise in crime, but rather a strategic ploy to line the pockets of prison corporations and other involved parties.
Credit cards have the potential to add extra value to everyday expenditures, with very little effort on the part of the cardholder. By spending within your means and paying off your card each month, it’s extremely easy to get a kickback from every single purchase without any negative effects.
Buy Now, Pay Later (BNPL) companies have transformed the way we make payments online. They offer a fresh alternative to using credit or debit cards and they’ve been adopted by companies from Amazon to your local mom-and-pop store. Continue reading to learn more about what BNPL systems have to offer and why they’re making noise!
The pandemic has disproportionately affected LIDCs across the globe; with LIDCs lacking access to financial capital, they face domestic economic decline and forecast increased levels of poverty. As LIDCs struggle with limited financial capital, can financial markets play a role in helping LIDCs during the pandemic?