Archive: Geoffrey T. Sanzenbacher
Unlike higher gas prices, which hurt almost everyone, higher borrowing costs have an uneven impact. In September 2024, then presidential candidate Donald Trump promised: “we’re going to put a temporary cap on credit card interest rates … at around 10 percent.” Yet, today, the Bankrate Monitor National Index shows the average credit card APR at…
Childhood homes are the new “first apartment.” Millennials came of age watching shows like “Friends” and “New Girl” that often featured 20- and 30-somethings living in their first apartments. The characters’ parents may visit and participate in the story lines, but the young adults are living independently. It doesn’t seem a coincidence to me that…
