Amidst a growing societal discussion on racism, inequality, and social conflict, we need to focus on practical ways that we can address these issues. One of the challenges for disadvantaged people is that they lack access to the key tools for managing money and building wealth. Efforts aimed at increasing access to low-cost financial services … Continue reading Financial inclusion
Bernie Sanders and Elizabeth Warren are promising massive cancellation of student debt. There is around $1.5 Trillion in outstanding educational debt and 1-in-8 Americans are currently paying off educational loans. These loan forgiveness plans are promoted in the name of fairness, broader opportunity for the middle class and working class, and reducing inequality. The costs … Continue reading Misleading statistics on college debt forgiveness
In discussions of all sorts of public policy, it is common to see references to the average American or the average household. It seems to me that the entire idea of the average American household may be fairly meaningless. About 33% of Americans have a college education. The average incomes of people with college degrees … Continue reading Is it useful to discuss the ‘average American’?