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Finance
High school meets business with Bridges 2 Wealth
Bridges 2 Wealth, a financial literacy program that celebrated its one-year anniversary with the Netter Center in February, collaborates with Penn students and Philadelphia schools to close the wealth gap.
A ‘Collective Climb’ to combat poverty
With the President’s Engagement Prize, seniors Hyungtae Kim, Kwaku Owusu, and Mckayla Warwick will work to combat poverty in West Philadelphia through education, shared resources, and community collaboration.
Improv with an impact
With their President’s Engagement Prize, Wharton School seniors Philip Chen and Meera Menon plan to create The Unscripted Project, a nonprofit that will run 10-week improv courses in Philadelphia public schools, partnering with the Philly Improv Theater.
Advice—and compassion—for students navigating new financial territory
Financial Wellness at Penn has developed personal finance tips for students to help them stay on top of financial matters and asked Penn staff members what they wish they had known about finances.
When cash is tight, should you borrow from retirement?
While millions of Americans find themselves strapped for cash with reduced work or lost jobs, tapping retirement savings is fraught with risks that need careful consideration, according to experts at Wharton.
Are U.S. banks strong enough to weather the coronavirus pandemic?
Wharton’s David Zaring discusses the impact of the pandemic on U.S. banks.
Coronavirus aid package a start, but more will be needed
A Knowledge@Wharton report suggests there's plenty the federal government got right in its $2.2 trillion relief package, but it may not be enough in the long-term.
How far could the Fed go in responding to COVID-19?
Wharton’s Peter Conti-Brown discusses the U.S. Federal Reserve Bank’s effort to protect households, businesses and the economy from the effects of the coronavirus pandemic.
How ‘Houses as ATMs’ feed a recession
Wharton finance professor Nikolai Roussanov discusses his research on the connection between mortgage refinancing and recessions.
The impact of consumer finance reforms since the Great Recession
In a forthcoming paper, Penn Law Professor Natasha Sarin researches the impact of key consumer finance reforms implemented in the wake of The Great Recession.
In the News
Philly high schoolers develop easy app to help predict the true cost of college
Finiverse, a project run out of the Wharton School’s Stevens Center, helps high school students assess what a college education might mean for their financial situation.
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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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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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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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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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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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