Some economists are not convinced President Joe Biden's announcement that he will cancel up to $20,000 of student loan debt per borrower will help those who are burdened by student loans.
Inflation is pricing many potential home buyers out of the market as housing prices continue to soar. According to results from Freddie Mac's Federal Home Loan Mortgage Corporation poll, 62% of Americans are somewhat or very concerned about being able to afford their housing.
Michigan Democratic Governor Gretchen Whitmer is proposing to stop the state sales tax on school supplies in an effort to help families save more money.
The results of a recent national survey report that one-third of American consumers have had to reallocate certain areas of their budget in order to afford rising. back-to-school shopping prices.
While inflation is down from a month ago, the cost of goods continues to remain high and that is forcing Michigan families to make critical decisions on what household items to buy.
The U.S. Senate recently approved the $430 billion Inflation Reduction Act of 2022, despite the ongoing concerns by economists who have tied federal government spending to record inflation.
Lawmakers on both sides of the aisles have signed off on the CHIPS and Science Act, a bill meant to address the supply chain shortage that has severely bogged down manufacturing.