Tag: cost of living
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…
In a recent podcast, I talk with Laura D. Quinby of the Center for Retirement Research at Boston College (CRR) and Luc Schuster of Boston Indicators about their study Wealth Gaps in the Golden Years: Economic Insecurity for Older Adults in a High-Cost State. They examined economic insecurity for older adults in Massachusetts through both quantitative analysis carried out by…
