It’s one thing for a dad to support his son’s college education. It’s another to leave your adult child on the hook for a $70,000 student loan you take out on their behalf without telling them. Bill called into The Ramsey Show in exactly this situation. He told a flabbergasted Jade Warshaw and Ken Coleman that his father secretly took out a $70,000 student loan on his behalf under the Direct PLUS Loans for parents program. “This is so messed up,” Warshaw said (1). Must Read Bill’s father convinced hi ...

Core Insights - Two-thirds of Americans have less in their savings accounts compared to last year, indicating a significant trend in personal finance management [1] Group 1: Reasons for Shrinking Savings - Inflation is a major factor affecting Americans' budgets, impacting individuals regardless of their income levels [4] - The resumption of federal student loan payments, which had been paused during the pandemic, is forcing many to allocate funds that were previously saved [5] - The use of "Buy Now, Pay Later" schemes can lead to increased financial obligations if not managed properly, contributing to the decline in savings [6] Group 2: Consumer Behavior and Strategies - Despite 32% of Americans making weekly trade-offs and 25% making daily trade-offs to save more, savings account balances continue to decrease [6] - Recommendations for improving savings include seeking personalized financial advice, utilizing digital budgeting tools, and automating savings to prioritize setting aside funds before other expenses [7]

Welcome back. Economic activity seeing quote little to no growth in recent weeks. That according to the Fed's latest Facebook survey.Investors now looking ahead to this Friday's jobs report for more clarity on where this economy is going. Joining me now to Slack. He is Apollo partner and chief economist.And I mispronounced your last name and you I hope will accept my sincere apologies for that. >> Of course. All good.I've heard many variants of my name over the last many many years. So >> the the correct on ...