Student Loan Repayment, Creating Wealth & Affordability

Episode 167 is here and, spoiler alert, it is not the promised Larry Wheels episode.  Not to worry, that episode will drop in the days to come.  In the meantime, please place all tray tables and setbacks in their locked and upright positions as the boys take you along on their fantastical journey of this sexy Tuesday’s financial literacy.  This episode will give you a robust review of the impacts of the looming student loan repayment restarting post-pandemic, a deeper dive in to the average consumer credit card debt and what this means for the creation of wealth for generations to come.  Chris says that while he does not want a recession, he is more scared of what happens to this country if we do not have one.  While carefully navigating a small political discussion, the boys breakdown what could lead to the “smashing” of the middle-class.  Of course, there is no better way to cap the show off than by basking in the tragic comedy that is the now infamous SBF’s most recent debacle.

Resources:

When student loan payments resume, 56% of borrowers say they’ll have to choose between their debt and buying groceries (CNBC)

Average consumer carries $5,947 in credit card debt — a 10-year high (CNBC)

Only 16% of Californians Can Afford to Buy a Home (Bloomberg)

Are You Rich? (Bloomberg)

Americans are moving further away for affordable homes and 'grandbabies' (Yahoo! Finance)

Judge Sends FTX’s Sam Bankman-Fried to Jail Ahead of Fraud Trial (Wall Street Journal)

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