The top 5% of US households own 71% of US equities, while the top 20% of US households own 93% of US equities (source: Survey of Consumer Finances, Federal Reserve Board). Source: Financial Planning for Women
Day: October 14, 2021
Beware Parent Plus education loans
“Some of the wealthiest U.S. colleges are steering parents into no-limit federal loans to cover rising tuition, leaving many poor and middle-class families with debt they can’t repay” according to T. D. Hobbs and A. Fuller reporting for the October 14, 2021 Wall Street Journal. “Unlike undergraduate loans that have limits, there is no cap…