Despite the difficulties they faced entering the job market during the worst recession in decades, millennials have found their way into the workplace, even teaching older generations a thing or two about new ways to work along the way. But, financially, it's been a rough decade or so for the youngest generation of workers.
We think of debt as a negative thing, and in many cases it is. But, not all debt is created equal. Some debt can even be productive. Student loan debt, for example, can still turn out to be a worthwhile investment in some cases. (Check out PayScale's College ROI Report for more specific information.) Owning a home and paying a mortgage builds equity.
Sen. Elizabeth Warren has been making plenty of headlines over the past few months. Between a grassroots campaign (unsuccessfully) demanding her run for president; a spat with Jamie Dimon, the head of JPMorgan Chase; and the demand for student loan reform, she continues to assert herself as a progressive champion. But is there hard data to vindicate the ideals that have garnered her a cult following?
Recently, billionaire investor Mark Cuban declared that fixing the student debt crisis is the most important thing our government can do to restore the national economy. His idea: cap federal student loans at $10,000 per student, per year. Few would argue that student loan debt isn’t a problem of epic proportions, but Cuban’s explanation of the crisis and his solution resulted in mixed reactions.
The student financial aid program is far from perfect. It doesn't fit in with the modern world, where students are also part-time employees and sometimes even parents who need to take a semester off here and there to deal with other aspects of life. The answer to our financial aid problems, however, might come from Australia.
Accounts receivable employees are sometimes between a rock and a hard place: a non-paying customer and a boss who will blame them if the customer does not pay. Follow these tips to maximize your ability to bring home the bacon and keep your boss happy.
According to Crowd Rules host Pat Kiernan, there are times when debt is good for business. That's kind of hard to believe. The only time debt may be a good thing is when it gets you a slot on Crowd Rules and a chance to win $50,000. Let's meet this week's business owners:
Back in the day, when life wasn't as ridiculously expensive, choosing a college meant considering the school's student life, culture, reputation and academics. With the sharply rising cost of education, that choice has come down to cold hard cash. The biggest question in the minds of students: How much debt will I graduate with?
The national student debt now stands at more than $1 trillion. It marked the first time in U.S. history that college debt outnumbered credit card debt. A bill making its way through Congress aims to help Americans better deal with that burden of college debt.