_i-o-u-student-loans-must-be-stopped.jpg "I.O.U. -Student Loans must be stopped! from i owe student loans Video Screenshot Preview")
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⏲ Duration: 2 min 49 sec
✓ Published: 21-Jul-2015
✓ Published: 21-Jul-2015
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I owe several hundred thousand dollars in Student loans at a ridiculous interest rate!nnIn early 2013, I wrote a comedy script and story arc for four seasons of a TV show that follows Ed, who is getting killed by his student loans, and the I.O.U., a group of semi-competent activists. Together they play superheroes by embarking on ill-conceived missions to take on the man. Last March, I decided to spend a ton of (credit cards *cough*) money to make this promo as a proof of concept. What you saw i
I owe several hundred thousand dollars in Student loans at a ridiculous interest rate!nnIn early 2013, I wrote a comedy script and story arc for four seasons of a TV show that follows Ed, who is getting killed by his student loans, and the I.O.U., a group of semi-competent activists. Together they play superheroes by embarking on ill-conceived missions to take on the man. Last March, I decided to spend a ton of (credit cards *cough*) money to make this promo as a proof of concept. What you saw i
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_credit-card-delinquencies-are-on-the-rise.webp "Credit Card Delinquencies , Are on the Rise.<br/>New York Federal Reserve data that was published on May 15 shows that credit card delinquencies kept rising from January to March, Fox Business reports. .<br/>In Q1 2024, delinquencies reached <br/>8.9% at an annualized rate.<br/>America hasn't seen this high of a <br/>percentage of serious credit card <br/>delinquencies since 2012, Fox News reports. .<br/>In the first quarter of 2024, credit <br/>card and auto loan transition rates <br/>into serious delinquency continued <br/>to rise across all age groups, Joelle Scally, regional economic principal within the Household and <br/>Public Policy Research Division at the New York Fed, via Fox Business.<br/>An increasing number of borrowers <br/>missed credit card payments, <br/>revealing worsening financial <br/>distress among some households, Joelle Scally, regional economic principal within the Household and <br/>Public Policy Research Division at the New York Fed, via Fox Business.<br/>Researchers aren't sure why delinquencies <br/>are so high since the unemployment rate <br/>is low, but they have a few theories.<br/>One of those theories is that consumers drained savings throughout the pandemic <br/>but continue to spend at high levels.<br/>Another theory is that some Americans switched to jobs with lower salaries.<br/>Additionally, credit card eligibility may have been expanded for many whose student debt wasn't being reported to credit bureaus amid the pandemic.<br/>These are all kinds of complex issues. <br/>We don't exactly know what's behind the <br/>increase of these delinquency rates. But it's <br/>definitely something that we're tracking, New York Fed researchers, via Fox Business.<br/>The average annual percentage rate for <br/>credit cards hit a record of 20.72% recently.")
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