Social mobility across generations may be substantially overstated, study shows
New research measuring resources passed from parents to children shows that current estimates of intergenerational mobility may be substantially overstated.
The study from Nobel laureate...
What is the impact of Biden’s student loan forgiveness plan?
President Joe Biden recently announced a sweeping package of student debt relief that forgives as much as $20,000 in loans for some recipients.
Biden also...
Student loan forgiveness a ‘meaningful gesture’, but move could drive up inflation
President Joe Biden’s student loan forgiveness announcement was a welcome one for the millions of Americans who struggle with student debt.
However, two Northeastern economists...
This popular type of investment fund nearly always loses money
Investors hoping for big returns by putting their money into trendy topics like work-from-home and the metaverse through exchange traded funds (ETFs) will instead...
What is greenwashing and why is it a problem?
Financial and investment products claiming to be ethical, sustainable or environmentally responsible have experienced vast interest and growth in the past few years.
Millennials and...
What is greedflation and is it driving higher prices
Is inflation being aided and abetted by price-gouging?
The idea of exploiting inflation to create excessive profits has become known as greedflation—a concept that is...
Your credit card rewards may be in danger. Here’s why that’s a good thing
Credit cards that offer airline miles, cash back, and other rewards create expenses that are passed on to everyone—including people who don’t use or...
How will JetBlue’s $3.8B acquisition of Spirit Airlines affect consumers?
After a months-long bidding war, JetBlue Airways has agreed to buy Spirit Airlines for $3.8 billion.
The deal, which was announced Thursday, would create the...
How to avoid financial hardships during an unstable economy
Soaring inflation, painfully high gas prices, a pandemic, and war in Europe have created financial instability for individuals across the country.
While some economists are...
How should you invest your money during this high inflation?
Inflation rose to a wallet-crushing 9.1% this June compared to one year ago, according to the latest consumer-price index report.
This puts even more pressure...