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Universal basic income (UBI) or guaranteed income has been gaining more and more momentum since then-presidential candidate Andrew Yang made it the cornerstone of his 2020 presidential run. UBI promises to give people a fixed amount of money every month with no strings attached or stipulations on how to spend it. According to Bloomberg, at […]
The GameStop, r/WallStreetBets and Robinhood’s saga last month dampened Robinhood IPO hope and fractured its “Investing for Everyone” slogan. The revolt against the popular trading platform might not be warranted. In case you missed GameStop, r/WallStreetBets, and Robinhood Mayhem, here is a recap. Members of the subreddit WallStreetBets were bullish on GameStop’s stock. They thought […]
Joe Biden will not cancel student debt because he has never really supported the middle class. President Joe Biden had his first town hall on February 16, 2021. In response to a popular question from one woman in the audience on student debt forgiveness, the President said he would not support $50,000 in student debt […]
Joe Biden’s relief plan is getting pushback from both Democrats and Republicans for its generosity. The new President released its $1.9 trillion stimulus package about two weeks ago; it includes checks to American families, money for states and local governments, support for vaccine distribution, and more. The plan calls for $400 weekly pandemic unemployment benefits, […]
The CFPB leadership has changed. President Biden wasted no time. In his first four days in office, he issued 30 executive orders, presidential memoranda, and agency directives on the economy, immigration, government accountability, and more. Many of the new president’s executive orders reversed Trump’s policies, so they got most of the mainstream media coverage. The […]
Hiring slowed down In December. The Bureau of Labor Statistics (BLS) reported that nonfarm payrolls grew by 199,000 in December, less than half of the 422,000 expected. The unemployment rate dropped to 3.9 percent, but 6.3 million people are...
By Article Posted by Staff Contributor
As a college student, you’re probably thinking about your future and how to ease the move into adulthood. Aside from thinking about future employment, one thing to remember throughout your college years is creating credit and beginning to develop a...
By FMC Editorial Team
Stocks had a historic year. The three major U.S. stock benchmarks rose nearly 23% on average in 2021. The Dow Jones Industrial Average, The S&P 500, and The Nasdaq Composite closed the final trading day of 2021 at 36,338.30 (19%),...
By MacKenzy Pierre
Credit card churning is not illegal or unethical. Cardholders might even see it as part of the game since credit card issuers earn massive profits each year. The credit card industry had $176 billion in profits in 2020. However, credit...
By Article Posted by Staff Contributor
Investors need to Netflix and chill and cancel all the noise coming from Wall Street analysts. The company announced yesterday that it lost net subscribers for...
By MacKenzy Pierre
First and foremost, moving to a new state or city is a big decision, and buying a property can be a thrilling experience, but it can...
By Article Posted by Staff Contributor
Intergenerational poverty is a condition where poverty is passed down from one generation to another. The poor decisions that parents make affect children over several generations...
By FMC Editorial Team
Buying a home for the first time might be difficult, especially right now with the median U.S. home price above $400,000. Understandably, you’d be concerned about...
By Article Posted by Staff Contributor
As American household debt rises, credit card fixed-interest loans are becoming a significant percentage. Credit card companies are letting their cardmembers convert part or all of...
By Article Posted by Staff Contributor
Too big to fail banks and nonbank financial companies are still a problem. Moreover, many companies across new sectors and industries have become part and parcel...
By MacKenzy Pierre
Financial literacy and education are more critical now than ever. Every day, American consumers have to navigate complex financial consumer markets. However, too few of them...
By Article Posted by Staff Contributor
The return of fundamentals is here. So far this year, investors are behaving more like Warren Buffet than Cathie Wood. Central bank excess and fiscal policies...
By MacKenzy Pierre
In America, there is a massive knowledge gap America when it comes to personal finance. This article will explore the current state of financial education in...
By Article Posted by Staff Contributor
Everyday credit cards provide cardholders with price protection, cashback rewards, rental car insurance, and more excellent rewards. However, not all credit cards are great financial...
By Article Posted by Staff Contributor
Investors need to Netflix and chill and cancel all the noise coming from Wall Street...
First and foremost, moving to a new state or city is a big decision, and...
Intergenerational poverty is a condition where poverty is passed down from one generation to another....