New Orleans Suze Orman has made her reputation as a TV financial advisor. Now she wants to promote a debit card for low-and-moderate income families who have weak credit and want the ability to operate differently. Her Approved card needs to be renamed as the Improved card, but it’s still not a good card, or …
Category: Citizen Wealth
Stuck in Place: Who is Surprised at the Lack of Mobility?
New Orleans The lack of social mobility has finally gotten so bad that it seems even Republicans have noticed it. Horatio Alger and the “rags to riches” trajectory of the American dream are dead. The new narrative is best expressed as “rags to rags, and riches to riches.” According to a Jason DeParle piece …
Toil Index and Tax Credits for Home Ownership
Robert Schiller from Yale gave props to Richard Green of USC for his recommendation that there be a targeted tax credit to encourage homeownership. Green and Andrew Reschovsky of Wisconsin have studied the data closely are clear that the real benefit of existing tax policy allowing a standard deduction for interest on mortgages is for …