debt
Holiday spending is expected to be robust again this year, whether or not Americans can afford it. About 50% of shoppers are planning to take on new short-term debt this year during the Christmas season to cover their extra costs, and getting through the season is taking a toll on emotional health, causing depression, crying, compulsive overspending and even suicidal thoughts. Q3 2022 hedge fund letters, conferences and more And much like the Nov. 8 election, there’s a very tight margin between the number of people who say they’ll spend more because they’re optimistic after the primaries -- 7....
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I believe that it was Josh Billings, the pen name of 19th-century American humorist Henry Wheeler Shaw, who once proclaimed, “ Debt is like any other trap, easy enough to get into, but hard enough to get out of.” Q1 2022 hedge fund letters, conferences and more Still, getting out of debt is no easy task. It requires some sacrifice, discipline, and patience. What’s more, you may have to change your habits. And, along the way, there will be unexpected expenses that can siderail your repayment plan. However, getting out of debt should be a financial priority. For example, you’ll have more income....
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Debt is a major source of stress for people all over the world from all different backgrounds. The uncertainty around the pandemic made things even worse for many people, who don’t know whether they will be able to pay their bills in a few months’ time. An incredible 77% of Americans feel anxiety because of their financial situation. Q3 2021 hedge fund letters, conferences and more If you’re in this situation, it’s important to realize that you aren’t alone, and you shouldn’t be ashamed. Not everything is in your control, but there are steps you can take to reduce the burden of debt in your li...
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Retirement in the US traditionally begins at 65. At this age, people generally choose to permanently leave the workforce and live on a combination of investments, a pension and any other benefits they may have earned during their lives. Unfortunately, unless you begin planning early, actually doing this may prove difficult. Q2 2021 hedge fund letters, conferences and more More Than Half Of All Americans Will Retire BrokeA recent survey of 3,000 Americans conducted by CreditNinja.com found that 64% of Americans will retire broke. The pandemic has made things worse for many Americans nearing ret...
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Maybe it’s an out-of-control credit card balance. Maybe it’s a mortgage payment or perhaps it’s mounting medical bills. Q2 2021 hedge fund letters, conferences and more Regardless of the cause, debt is becoming a growing issue for older Americans, threatening to upend all of their retirement planning and transform their “Golden Years” into gloomy years. The numbers are sobering. A Congressional Research Service report issued in 2019 found that 61.1% of households headed by someone 65 or older held some amount of debt in 2016. That was up dramatically from 37.8% in 1989. The median debt for tho...
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When people everywhere suddenly found themselves unemployed thanks to the pandemic, many of us were taught a lesson about money the hard way. It turns out that not saving enough money for an emergency was a big mistake. Q1 2021 hedge fund letters, conferences and more The Money Mistakes People Regret MakingWhile it’s usually too late by the time we realise it, just remember that learning from our financial mistakes is what really matters. So what other mistakes do people often regret making with money? Not Investing Early EnoughIt feels like you’ve got nothing but time when you’re young to sta...
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The objective of the stimulus checks is to help people pay for their necessities. However, a loophole in the $1.9 trillion American Rescue Plan allows private debt collectors to garnish the stimulus payment. The Consumer Financial Protection Bureau (CFPB) has come up with an advisory that could help people protect their coronavirus stimulus checks if they have a negative balance on their account. Q4 2020 hedge fund letters, conferences and more CFPB working to protect stimulus paymentsUnlike the previous rounds of coronavirus stimulus checks approved last year, the latest American Rescue Plan ...
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The third round of stimulus checks started going out over two weeks ago, and people have started spending it. One would expect people to spend the stimulus payment on necessities, such as food or rent. However, there are reports that some coronavirus stimulus checks are finding their way to Las Vegas. Q4 2020 hedge fund letters, conferences and more Coronavirus stimulus checks stimulating Las VegasA report from news3lv, citing economist Mike Pequeen, says Las Vegas is benefitting from the $1.9 trillion American Rescue Plan. Pequeen noted that there is no reliable data to say how much money has...
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Americans should have got their second stimulus check by now had things gone as expected. However, there are no signs of stimulus checks yet, thanks to differences between the Democrats and Republicans. One of the reasons for the differences between the two sides and the fact that there aren’t any more coronavirus stimulus checks yet is the rising U.S. debt.U.S. debt at record levelsA report from the Congressional Budget Office (CBO) earlier this month noted that the U.S. debt is estimated to grow bigger than the size of the U.S. economy. The coronavirus relief spending is partly responsible f...
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