Tag: interest

Pushing a rock up a hill

Some 3.6 million parents are paying off more than $100 billion in debt used to fund their children’s college education. For many parents, the federal Parent Loan for Undergraduate Students (PLUS) was the only way they could afford college, but many are now struggling to make the monthly payments. In a Harris poll in July,…

Business mans standing on calculator around the percent button

If rates continue to hover around zero, people will need to save large amounts.  The pandemic and ensuing recession have exacerbated the challenge of saving for retirement.  Real interest rates, as measured by the difference between nominal returns on 10-year Treasuries and the Cleveland Federal Reserve’s inflation expectations, fell by half a percentage point in…