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. Continue Reading

The COVID-19 pandemic has resulted in many changes in the daily lives of people from all around the world. Video streaming on social media platforms has shown people rushing into grocery stores and stocking up on canned food and toilet paper. Colleges have abruptly transferred to online education via Zoom and other video conferencing tools. About 16 million Americans have lost their jobs since the start of lockdowns across the country. Small businesses and local stores still struggle to keep their businesses afloat.Continue Reading