Research from Oxford Economics suggests that declining inflation over the past year is benefiting America’s lowest earners. As a result, the report suggests that low-income earners are in a better position to contribute to consumer spending in 2024, providing a potential boost to the overall economy. Yahoo Finance Josh Schafer breaks down this study and weighs in on trends of low-income consumers. For more expert insight and the latest market action, click here to watch this full episode of… Source link
Read More »Google Invests in Skills Training Program for Low-Income Workers
The job programs, Year Up and Merit America, will receive grants to train students in technical skills with content from Google career certificate courses in information technology support, data analytics, project management and user experience design. Both nonprofits already use the Google coursework, which provides general technical training but does not teach students to master Google software tools. But a major part of successful training programs, experts agree, is what they do beyond… Source link
Read More »Google Invests in Skills Training Program for Low-Income Workers
The job programs, Year Up and Merit America, will receive grants to train students in technical skills with content from Google career certificate courses in information technology support, data analytics, project management and user experience design. Both nonprofits already use the Google coursework, which provides general technical training but does not teach students to master Google software tools. But a major part of successful training programs, experts agree, is what they do beyond… Source link
Read More »Low-income families have more cash on hand now than before pandemic: JPM
Low-income families, who received the greatest percent gains of all families in the US, have higher cash balances now than before the pandemic, according to a new report from JPMorgan Chase. However, the report found, it may not be enough. “With each round of stimulus, low-income families saw the greatest percent gains in cash balances, but depleted those gains faster than high-income families,” authors Fiona Greig, Erica Deadman, and Tanya Sonthalia, wrote in the report. The COVID-19… Source link
Read More »Student loan forgiveness would actually help low-income borrowers more than rich, study argues
Cancelling $50,000 in federally-backed student loan debt for American borrowers would actually help lower-income debtors far more than rich ones, according to a new research brief. The study by the Roosevelt Institute, a left-leaning think tank based in New York City, came to the conclusion as other academics argue that eliminating debt for millions of borrowers would instead disproportionately benefit high-income borrowers. “We made a policy mistake, in terms of placing the funding of higher… Source link
Read More »Fed ‘will not tighten’ policy until low-income workers recover
Bloomberg This Crypto Kid Had a $23,000-a-Month Condo. Then the Feds Came. (Bloomberg) — Stefan Qin was just 19 when he claimed to have the secret to cryptocurrency trading.Buoyed with youthful confidence, Qin, a self-proclaimed math prodigy from Australia, dropped out of college in 2016 to start a hedge fund in New York he called Virgil Capital. He told potential clients he had developed an algorithm called Tenjin to monitor cryptocurrency exchanges around the world to seize on price… Source link
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