My friends from HS and I are all still very close and hang out a few times a year. For the most part we are all doing quite well career and financial wise. The exception is my good friend who studied to be a music teacher. He is brilliant and hard working, but has had to hustle twice as hard as I have for half as much.
For 20 yrs he has been paying on his loans for undergrad and a masters degree. He has had to take jobs in every corner of the country to try and get established. I saw him a few weeks ago and he announced that thanks to Uncle Joe, he was now student debt free.
My wife and I might grumble a little when we start writing checks again in a few months but I feel a lot better knowing that more support is going out to those who truly need it.
Private sector jobs surged by 497,000 for the month, well ahead of the downwardly revised 267,000 gain in May and much better than the 220,000 Dow Jones consensus estimate. The increase resulted in the biggest monthly rise since July 2022.
Capital thinks it loses when labor wins. It’s not completely zero sum but they are too dumb to see that. Labor is winning right now.
Many of the companies that have done layoffs in the last year are desperately hiring to fill the gaps they made for no reason. They (corporate leaders) want recession and high unemployment so bad they are flailing.
Biden administration announces $39 billion in student debt relief following administrative fixes ( www.cnn.com )
Private sector companies added 497,000 jobs in June, more than double expectations, ADP says ( www.cnbc.com )
Private sector jobs surged by 497,000 for the month, well ahead of the downwardly revised 267,000 gain in May and much better than the 220,000 Dow Jones consensus estimate. The increase resulted in the biggest monthly rise since July 2022.