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 to come. For example, some parents have the opportunity to acquire assets, but they...
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 making an error that could have serious financial ramifications. On the other hand, first-time...
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 their credit card’s available credit limit into installment loans. Converting your revolving credit line...
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 of the U.S. economy. They have significant systematic risk, and their failure will be...