In recent years, Latinos have made strides in their contributions to the American economy via entrepreneurship. Latinos reached an economic output of $3.6 trillion in 2022, ranking as the fifth largest economy in the world, per the Latino Donor Collaborative. Meanwhile, Latino-owned businesses increased by more than 40 percent and more than one-third increase in total revenue from 2018 to 2023. It’s figures like these that wouldn’t have existed en masse before reports like those from the Stanford Latino Entrepreneurship Initiative (SLEI), a research collaboration highlighting the Latino entrepreneurial segment of the U.S. economy. These are also stats that help…

1.9 Million Student Loan Borrowers Will See Data About IDR Processing Efficiency Starting In May Nearly two million student loan borrowers remain stuck in repayment limbo, even as the U.S. Department of Education signals a new plan to address the massive backlog of Income-Driven Repayment applications. A recent court filing provided a significant update on how the Department will finally tackle this logjam and offers a timeline for status and data updates. For the 1.9 million borrowers waiting for their application to be processed, every month of delay is a month they cannot get an affordable payment plan or credit…

A charging order is the American remedy by which a creditor may enforce a judgment against the interest held by a debtor in a limited liability company or partnership. A charging order has two components: First, a judicial lien is created in favor of the creditor against the debtor’s interest; and, second, economic distributions to the interest are ordered to be paid to the creditor. The charging order ― which is to say the lien and order to pay ― continues to exist until the debtor has fully satisfied the judgment to the creditor. Most U.S. jurisdictions have adopted language…

Much of the early talk about the Trump administration’s tariffs was of bringing manufacturing jobs back to the U.S. There would be many more high-paying jobs with solid benefits. But there was never a coherent plan, an objective look at the state of manufacturing, and a clear-eyed recognition of what a change would actually take. The result is that there will be no factory renaissance because there are considerations and realities that keep things relatively steady. Trump’s And Biden’s History Of Manufacturing Jobs One of the greatest weaknesses in policy debates and voter judgment of candidates is the lack of…

There are all kinds of reasons students might want to attend a private or out-of-state schools, including the potential for smaller class sizes, the ability to join an award-winning program, or just the desire to study further away from home. But, there’s often a huge tradeoff when it comes to attending a college that doesn’t offer in-state tuition. Students who attend prestigious or distant schools may pay an extreme amount for tuition, fees and travel, and they can face a much higher student debt burden as a result. The most expensive colleges in the United States now have tuition prices…

Sahil Bloom recently shared a jarring stat: “By the time your child turns 18, you’ve spent ~95% of the time you will ever spend with them in your lifetime,” based on research from the American Time Use Survey done by Our World in Data. At first glance, many parents feel a sting of, “Geez, am I being [or have I been] a poor steward of the limited time I’ve been given to spend time with my kids!?” But I don’t think this is a revelation rooted in guilt. Furthermore, as someone with two older kids (21 and 19) and one…

Disgraced former Congressman George Santos was sentenced on April 25th to the maximum sentence under the sentencing guidelines of 87 months after pleading guilty to wire fraud and aggravated identity theft. Santos had originally been charged in May of 2023 with seven counts of wire fraud, three counts of money laundering, one count of theft of public funds and two counts of making materially false statements to the House of Representatives. Five months later, a superseding 23 count indictment was filed against him charging him with one count of conspiracy to commit offenses against the United States, two counts of…

As I’ve previously written, most households and individuals have been given a raw deal for the last 40 years. Most people haven’t been able to keep up with the costs of living, particularly higher education, healthcare, and housing. U.S. corporate profits after tax grew at a roughly equivalent rate as disposable personal income (personal income after taxes) up to the early 1980s. Growth Of Corporate Profits And Personal Income Below is a reminder graph constructed at the Federal Reserve Bank of St. Louis’ Federal Reserve Economic Data (FRED) site. The lines are indexed to show equivalent growth, even if the…

Retirement planning usually starts with a simple idea: save enough money to replace your income. But there’s one big problem. As you grow older, your income likely increases. For some professions, this may follow a predictable growth pattern of say 2 to 4% per year. For others, the pattern may be more sporadic, especially if one pursues higher education such as a Masters, Doctorate, MD, etc. When your income rises, many increase their lifestyle spending, with little thought of how sustainable this may be beyond your working years. Many Americans take on debt to support lifestyles beyond what their income…

A consumer rights advocacy organization issued a dire warning on Friday, urging student loan borrowers to immediately save or screenshot critical records that provide details on their payment history and student loan forgiveness progress. In the last month of the Biden administration, the Department of Education published tracking information for borrowers enrolled in income-driven repayment plans. IDR plans provide borrowers with monthly payments based on their income and family size, with the possibility of loan forgiveness after 20 or 25 years. Until this year, borrowers had no way of tracking their IDR progress, and there was no mechanism for them…