Stretching Your Dollar: Facts on Student Loan Forgiveness
The Biden administration has cleared student loan debt for thousands of Americans. Will Sealy, co-founder and CEO of Summer, joined 'Stretching Your Dollar' to talk about the 'Save Program,' which is aimed at helping borrowers lower their monthly payments. He also talked about eligibility and who could have debt completely cleared.
Chair Jerome Powell says the Federal Reserve only expects to cut rates once in 2024. But at least, as one economist says, ‘rate hikes are off the table.’
With the Fed likely set to leave rates unchanged, lower and middle income Americans will continue dealing with higher credit card interest and expenses.
Markets soared in May after Nvidia’s Q1 success, but concerns over slowing consumer spending, especially among middle—and lower-income groups, loom large.