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Universal Basic Income: What It Is and What People Are Saying About It

In recent years, universal basic income has been discussed by several notable figures, including Silicon Valley totems Elon Musk and Mark Zuckerberg as well as political notables like Barack Obama and Bernie Sanders. Yet, while you might assume that, based on those names, UBI was strictly a progressive platform issue,...

Congressional Budget Office Projects Economic Slowing in 2019

Last month it was announced that the U.S. economy grew by an impressive 4.1% in the second quarter of 2018. The figure was well-touted by President Trump, who declared, "We’re on track to hit the highest annual growth rate in over 13 years." Now the nonpartisan Congressional Budget Office reports that...

Continued Increases in Home Prices Defy Analyst Predictions 2

Despite warnings from economists and analysts that growth would be coming to an end, home prices rose once again in June of this year. In fact the 0.7 monthly increase marked the 14th consecutive month that prices had either stayed flat or risen. Moreover the 6.8% year over year growth...

Which States Have the Most Student Debt?

In recent years much has been made about the amount of educational debt former U.S. students find themselves saddled with after graduation. That's because, second to mortgages, student loans make up the largest portion of American household debt, with outstanding balances totaling $1.41 trillion according to the according to the Federal Reserve Bank...

Grocery Chain To Stop Accepting Visa Payments Due to Swipe Fees

Each year, retailers in the U.S. spend an estimated $90 billion in so-called "swipe fees." These fees are the result of the costs associated with processing credit and debit card payments. Now some companies are taking aim at these fees through lobbying efforts, technical upgrades, and, in the case of...

Gross Domestic Product Increased 4.1% in Q2

The U.S. economy got some good news this morning as the government announced that the country's gross domestic product grew by 4.1% in the second quarter. That represents the strongest quarter since Q3 of 2014 when growth reached 4.9%. Moreover, as CNBC reports, the Commerce Department has revised their first-quarter growth...

Average Parent Expected to Spend $685 on Back-to-School 2018

With July drawing to a close, back-to-school season is upon us. Not only is this annual tradition mostly dreaded by students but can also take a toll on parents' finances. In fact, according to a new survey by WalletHub, the average parent is expected to spend nearly $700 on supplies....

Majority of Millennial Homeowners Regret Their Purchase 2

For decades, buying your first home has been a rite of passage in America. As a result many Millennials may have felt pressured into buying — even if the purchase wasn't in their best financial interest. Now a new study conducted by Bank of the West seems to underscore that...