Smart Track Your Financial Freedom
Over ten years, President Trump’s new 2025 tariffs could bring in trillions of dollars in new federal government revenue, but the negative impact on the US economy and the inevitable response from other economies would offset the net gain. This PIIE Briefing evaluates the impact of 10, 15, or 20 percentage point increases in US … Read more
Elon Musk’s DOGE, or Department of Government Efficiency, has targeted the Consumer Financial Protection Bureau, a longtime Republican target, in the weeks since President Trump took office again. The Consumer Financial Protection Bureau (CFPB), is a watchdog organization whose job it is to shield customers against dishonest lending practices and financial crimes. It is being … Read more
According to a recent NerdWallet survey of over 2,000 people this month, 85% of Americans are worried about the tariffs. Consumers’ main worries are that the new regulations will affect their capacity to pay for necessities and that a recession will hit the U.S. economy. Experts think the concerns are not without merit. According to … Read more
On Monday, the U.S. Department of Education announced that it would resume collections on defaulted student loans. In 2020, during President Donald Trump’s first term, the payments were suspended in response to the COVID-19 epidemic. In order to provide short-term financial relief during the COVID-19 pandemic, referrals for collections involving student debts in default were … Read more
The bulk of medical debt, which is the biggest debt collected annually in the US, is borne by Black Americans, women, and those with disabilities. The federal government has unveiled a new policy that will remove medical debt from all Americans’ credit reports beginning in 2025, which is a historic step. In 2025, all Americans’ … Read more