Finance

David Zaring breaks down the Pandora Papers

Following the leak of the Pandora Papers, detailing both legal and illegal financial transactions, there is bipartisan support of more oversight regarding secret trusts, but establishing international regulation continues to be difficult.

Kristina García

Why older Americans are taking on more debt

Older Americans are accumulating more debt as they near retirement, according to research from the Wharton School that reveals a troubling trend in personal finance among people in their 50s and early 60s.

From Knowledge at Wharton

Aging and the costs that come with it

As a high school student, junior Darcey Hookway spent time volunteering on a dementia ward at a local hospital. “The social aspect of their condition really struck me,” says Hookway, who is from London. “They struggled immensely with social isolation. And now with COVID exacerbating that more than ever, I think that’s a huge detriment to their health.”

Katherine Unger Baillie

Understanding infrastructure

In the second episode of Penn Today’s “Understand This ...” podcast series, emphasizing interdisciplinary perspectives, a Wharton and Weitzman School discuss the past, present, and future of infrastructure.

Brandon Baker



In the News


CNN

Here’s what would happen to the US economy if there are no rate cuts this year

Itay Goldstein of the Wharton School says stock market prices still reflect the expectation that the Federal Reserve will cut rates later this year, even with the recent selloff.

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Inside Higher Ed

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.

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Bloomberg

U.S. weighs ban on charging buyers for lender title insurance

Benjamin Keys of the Wharton School says that shifting title insurance costs to lenders won’t solve the current problem with the mortgage market.

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Fortune

Hedge funder famous for his ‘black swan’ strategy says there’s ‘something immoral’ about America’s reliance on debt—and future generations ‘will bear the burden for this’

A 2023 study by the Wharton School found that the U.S. has about 20 years left for corrective action to fix the national debt before it hits 200% of GDP.

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Fortune

The cult of tax efficiency: The totally legal way that Tesla, Ford, Netflix and dozens of other large companies use U.S. law to pay their C-suite more than Uncle Sam

According to Jennifer Blouin of the Wharton School, the federal government considers carrying over corporate losses from less- to more-profitable years a nice way to help companies over bumpy times.

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Forbes

Billionaire Barry Sternlicht is doing SPAC deal with himself

David Erikson of the Wharton School says that Starwood Capital’s proposed SPAC merger seems analogous to the continuation funds that many private equity funds are currently doing.

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