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Introduction Middle-class voters are the backbone of the American electorate. Their votes decide elections, and their voices shape national policy. In the 2020 presidential election, for example, middle-class suburban voters played a critical role in swinging key battleground states, underscoring their influence on electoral outcomes. Yet politicians often speak about the middle class in vague, […]
The lingering shadows of the Gilded Age stretch into the present, casting a long silhouette over America’s economic landscape. Families like the Waltons, the Mars clan, and the Cargill-MacMillans stand as pillars of enduring wealth, their fortunes built over decades and, in some cases, centuries. These dynasties have accumulated vast resources and mastered the art […]
If you’ve been waiting for a sign to make big moves with your finances, this is it. The Federal Reserve just made its first interest rate cut since 2020, slashing the federal funds rate by a full half percentage point. This is no small step—it’s a loud and clear signal that the era of “cheap […]
These are Services that Middle-Class Americans Won’t Be Able to Afford by 2030 Due to Inflation and Price Gouging Taking your kids to a sporting event used to be an affordable weekend pastime for families. Seeing your favorite band whenever they were in town didn’t break the bank. But those days are quickly fading. Now, […]
Housing in America is in crisis. Skyrocketing rents, climbing mortgage rates, and a relentless shortage of affordable homes have left millions of Americans struggling to keep a roof over their heads. In response to this mounting challenge, Vice President Kamala Harris has unveiled a sweeping plan aimed at lowering housing costs and expanding access to […]
The return of business cycles is upon us as the longest U.S. economic expansion in history has ended. The rapid decline in employment and production, due to the coronavirus pandemic, accelerated the economy into a recession. The decade-plus economic expansion,...
By MacKenzy Pierre
Are you unsure whether you should request a participant loan or an early 401(k) withdrawal? More than thirty-three million Americans filed unemployment claims in seven weeks, and the U.S. unemployment rate is near great depression-like at nearly 15 percent. With...
By MacKenzy Pierre
Mortgage lenders expediently start implementing strict mortgage borrowing standards. JPMorgan Chase announced last week that beginning April 14, 2020, new customers applying for a new mortgage will need a credit score of at least 700, and will be required to...
By MacKenzy Pierre
Mortgage forbearance requests were up to nearly 2,000 percent in the second half of March. The Mortgage Banker Association (MBA) expects deferral request to keep increasing manifold. Sixteen million Americans filed for unemployment claims in the past three weeks. For...
By MacKenzy Pierre
Why Life Insurance Matters (Now More Than Ever) Most people think life insurance is for “older folks” or those with major health issues. But truthfully? It’s...
By Article Posted by Staff Contributor
I. The Locked Door of the American Dream If house-hunting feels harder than it was for your parents, that’s because it is. Home prices have climbed...
By Article Posted by Staff Contributor
I. The Middle-Class Mirage Every few election cycles, the American middle class is asked to choose between its ideals and its interests. Too often, it chooses...
By FMC Editorial Team
Introduction: Parenting on Your Own Timeline Great parenting happens at every age. In fact, one of the most profound demographic shifts of recent decades is how...
By Ceranes Lejulus
Introduction: A National Blind Spot Every year, surveys reveal an uncomfortable truth: the majority of Americans fail basic financial literacy questions. According to FINRA’s Investor Education...
By FMC Editorial Team
Introduction: Why the Same Names Keep Coming Up When headlines break about banks mistreating customers, the names are often familiar: Wells Fargo. Bank of America. Citibank....
By Article Posted by Staff Contributor
The $500 that vanished in seconds You sell a couch. The buyer says they’ll Zelle you $500. A notification pops up—money received! You help load the...
By Article Posted by Staff Contributor
Introduction: The Bank’s $35 Coffee You buy a $3 coffee on your debit card, but your account is a little short. Instead of declining the transaction,...
By Article Posted by Staff Contributor
Introduction: When Rationality Meets Reality Traditional economics tells us that consumers make rational decisions: weigh the costs and benefits, and choose the best outcome. If that...
By FMC Editorial Team
Bernie Madoff was supposed to be the last descendant of Charles Ponzi—or so I thought. I wasn’t wrong to think that, because Bernie’s Ponzi scheme was...
By MacKenzy Pierre
Why Life Insurance Matters (Now More Than Ever) Most people think life insurance is for...
I. The Locked Door of the American Dream If house-hunting feels harder than it was...
I. The Middle-Class Mirage Every few election cycles, the American middle class is asked to...