Tag: low income credit cards

Photo of Chapter 7 form

One thing bankruptcy won’t fix is college debt, which – in contrast to credit cards – can’t usually be discharged by the courts. One in three low-income people who have filed for bankruptcy protection from their creditors have student loans and face this predicament, according to LendEdu, a financial website. The debt relief they can…

Senior couple and tecnologies

The brief’s key findings are: Previous studies find that the tax deferral advantage offered by 401(k) plans mainly benefits high-income workers, who face higher marginal tax rates. A key assumption is that employer 401(k) contributions do not affect workers’ total compensation – that is, they are fully offset by lower wages. However, our results suggest…