31% of millionaires claim they belong to the middle class

Feeling wealthy is becoming a rare luxury for most people these days. A recent Ameriprise Financial survey found that only 8% of millionaires consider themselves wealthy, while 31% identify as middle class. This feeling of financial insecurity is attributed to inflation, high interest rates, and economic uncertainty. Even highly paid professionals, termed as the “regular…

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New borrower-focused consumer protections introduced by Biden administration

Biden administration announces finalized plan for higher education oversight and student loan borrower protection In a recent development, the Biden administration has unveiled its comprehensive plan to enhance its supervision of higher education institutions and strengthen consumer protections for student loan borrowers. The goal of these new measures is to ensure accountability and guarantee a…

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