The Student Debt Bubble Implosion: $1.68 trillion in student loan debt and a big portion is not being paid while COVID-19 is only making it worse
Higher education has always held a space as a beacon of hope for our country. The great equalizer and a platform for hard working Americans to retool and come out with the skills necessary for the jobs of tomorrow. One of the big challenges being faced in higher education of course is the incredibly high […]
30.3 million Americans have filed for unemployment insurance in the last six weeks. There is also a backlog so numbers would be higher
The unemployment figures that we are seeing are startling. We have now seen 30.3 million people file for unemployment insurance in the last six weeks. These numbers are historic even when comparing to the Great Depression. The notion that we will have a sharp V-shape recovery is simply not going to be the case. While […]
While one curve bends, the unemployment curve surges: 26.5 million Americans have filed for unemployment insurance as we inch closer to Great Depression figures.
The economic devastation brought on by the COVID19 outbreak has been dramatic. Healthcare systems across the world are undergoing stress that they have not witnessed in our lifetimes. The economic devastation is also startling as 26.5 million Americans have now filed for unemployment insurance dwarfing anything we saw during the Great Recession. This is a […]
The COVID19 Depression: 22 million file for unemployment insurance as unemployment rate is now fully in double-digits.
For many years we have talked about how many Americans were living paycheck to paycheck. One troubling statistic that came to mind, even before the COVID19 outbreak, was that half of Americans were one paycheck away from financial disaster. What the COVID19 outbreak has shown is how frail the economic situation was for many Americans […]