Millennials are struggling economically. It's primarily student loan debt that has proven to be Millennial's plight. In this blog post, a very well-known economist's opinions and advice are directed toward millennials on how to better position themselves financially to succeed. Most millennials want to buy a home, but are unable to due to their student loan debt and high costs of living due to inflation. This post focuses on some of the ways that millennials can overcome these struggles. Remember me if you're interested in buying or selling residential, commercial or investment real estate in Charleston, South Carolina.
I know I write an awful lot about millennials. But, I'm a millennial and millennials are quickly becoming the most potent group of consumers the world has ever seen. Just look at contemporary marketing or product design and you will see that everyone is aiming their volleys at us millennials. Whether you love us or hate us, we're here to stay. And we're starting to buy houses. Unfortunately, many millennials carry an astounding amount of student loan debt, which is hindering their ability to purchase their preferred homes. Fortunately, millennials are willing to sacrifice a number of things in order to get themselves into houses and achieve that American dream. This post discusses a number of sacrifices that millennials are willing to make in order to purchase their first home. Remember me if you're interested in buying or selling residential, commercial or investment real estate in Charleston, SC!
The Federal Reserve is the organization that is responsible for things like the nation-wide standard interest rates on loans and lines of credit. Due to our national deficit, the Fed has been considering raising our interest rates to try to reduce our national debt. They've been considering this for quite some time. Our national deficit was made even more substantial during the recession when consumer spending was at a low. The Fed was hesitant to increase these rates because they were afraid it would slow down consumption and slow down recovery. Now that the economy seems to be turned around, they are once again considering increasing our rates. If they do so, this blog post discusses some of the ways that Americans will be affected. Remember me if you're interested in buying or selling residential, commercial or investment properties in Charleston, SC!