Debt

Surprise: Student Debt Relief Will Mostly Help Middle- And Upper-Income Households

Now that the air is heavy with talk of debt forgiveness, initially starting with the government’s $1.6 trillion student loan portfolio before Democrats move to a broad debt jubilee much to the chagrin of all those Americans who responsibly have paid their obligations every month, investment banks have started analyzing the impact of the various…

From A Hamilton Moment To Perpetual Debt Slaves: This Is The True Face Of The EU

Authored by Tom Luongo via Gold, Goats, ‘n Guns blog, Over the summer while the U.S. was mired in the worst kind of color revolution with race riots, economic shutdowns and the worst kind of divisive politics, the European Union was celebrating its great achievement. A seven-year budget and COVID-19 bailout package that was heralded…

As Dems Push Loan Forgiveness, Data Show Blue States Have Highest Average Student Debt

We know it’s hard for millennials to hear – especially considering how badly screwed so many of them are after racking up ridiculous loan balances into the 100s of thousands of dollars – but there isn’t a compelling moral argument for forgiving student loans. While Democratic politicians like Elizabeth Warren and Bernie Sanders like to…

Top 20% Gets 6x More Benefits from Student Debt Cancellation than Bottom 20%, New Study Finds

By Brad Polumbo From Sen. Elizabeth Warren to Rep. Alexandria Ocasio-Cortez, some of the most prominent progressive politicians in the country are pushing hard for widespread student debt cancellation. So, it’s fascinating to see a new study show that forcing taxpayers to pay down the roughly $1.5 trillion in government-held student debt is not a…

American Retirees Are Drowning In Debt

Via SchiffGold.com American retirees are buried in debt… Between 1999 and 2019, the total debt burden for Americans over age 70 increased by 543% and totaled $1.1 trillion according to data compiled by the Federal Reserve Bank of New York. Debt grew by 471% over the same period for those in their 60s and totaled $2.14…