Pandemic leads to housing boom and lower credit card debt, new data shows turnto23.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from turnto23.com Daily Mail and Mail on Sunday newspapers.
Ursula Haeussler still remembers the frenzy of that day more than a century ago.
She had just sat down for breakfast at the kitchen table as the maid began the morning chores at their home on a small farm in a rural, idyllic German town.
Suddenly, just as the maid began fixing her apron, she collapsed onto the floor.
Haeussler’s uncle and father immediately sprung into action, attempting to revive the unconscious woman before carrying her onto a cart and taking her to the nearest doctor.
The young girl’s mind whirled with confusion, wondering what had just happened.
AIG Retirement Services, a leading retirement plan provider for tax-exempt and public sector employers, today announced the results of a new study looking at how nonprofit and public service employees think about student loan debt, student loan forgiveness and the Public Service Loan Forgiveness (PSLF) program.
Millions of public sector and nonprofit workers including teachers, healthcare workers and first responders may be eligible for student loan forgiveness through PSLF, but confusion around the program appears to be undermining its efficacy. While
90% of public service employees with college debt indicate awareness of the program,
70% exhibit only a minimal understanding of its rules and requirements.
Toggle open close
The COVID-19 pandemic, the deadliest of its kind in a century, created a wave of human suffering and severe economic disruption. In April 2020, the U.S. unemployment rate reached 14.8 percent, a full four points above the previous post–World War II high.REF
Amidst concerns that the economy could spiral into a new depression as a result of pandemic-related economic restrictions, legislators passed five relief bills that authorized over $4 trillion in combined spending.REF The combination of record-setting spending and reduced revenue caused a surge in gross federal debt, spiking from $23.4 trillion on March 13, 2020, to $27.9 trillion on February 9, 2021,REF an increase of over $34,000 per household in less than 11 months.REF
Subscribe today to the Washington Examiner magazine and get Washington Briefing: politics and policy stories that will keep you up to date with what s going on in Washington. SUBSCRIBE NOW: Just $1.00 an issue!