Economics | Penn Today

Report: Biden’s new debt relief plan estimated to cost $84 billion

According to economists at the Penn Wharton Budget Model, President Biden’s new plan to forgive some or all student loans for 26 million Americans would cost about $84 billion over 10 years.

Intersection of roads and railroad tracks in a small coal mining town.

Using theater and the arts to empower communities in the energy transition

The arts can be a valuable tool for facilitating dialogue around the energy transition and ensuring community perspectives are represented in policy arenas.

Can money buy you happiness? Yes, it can. However…

Research by Matthew Killingsworth of the Wharton School reveals there is no monetary threshold at which money's capacity to improve well-being diminishes.

How guaranteed income affected a New Jersey city

Research from Penn’s School of Social Policy & Practice finds a guaranteed income program in Paterson offers both financial relief for many participants and is a blueprint for future policy initiatives.

More high schools are requiring financial-literacy classes. The pandemic may have played a key role

In a co-authored journal article, Olivia Mitchell of the Wharton School explains when financial education is at its most effective.

Moelis ruling sharpens focus on private equity veto agreements

Jill Fisch of Penn Carey Law says that no one has scrutinized shareholder agreements in the context of whether boards of directors fundamentally manage corporations.

Hotshot Wharton professor sees $34 trillion debt triggering 2025 meltdown as mortgage rates spike above 7%: ‘It could derail the next administration’

Joao Gomes of the Wharton School predicts that America’s $34 trillion debt burden may upset the world’s financial markets as early as next year, assuming that a president-elect announces a raft of expensive policies.

A person shaking hands with an interviewer at a job interview.

A Wharton video series on DEI in industries and the racial wealth gap

A limited four-part series hosted by Wharton’s Kenneth Shropshire called “Opportunity Matters” explores the intersection between diversity, equity, and inclusion in industries, and their influence on the racial wealth gap.

Larry Fink’s anti-‘woke’ critics confront a force more powerful than politics

Jill E. Fisch of Penn Carey Law says that it’s legal to invest according to values but only with a mandate to do so and with proper disclosure.

Most Americans flunk when it comes to retirement literacy, study finds

Rachel M. Werner of the Leonard Davis Institute, Wharton School, and Perelman School of Medicine says that the U.S. lacks any sort of comprehensive approach to funding for long-term care.

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