Tag #Economic Hardship

Showing 13 to 24 of 58 results

cbsnews.com
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Credit Card Debt Forgiveness Gains Traction Amidst Economic Hardship

High credit card debt (average \$8,000) and record-high interest rates (23% last fall) are driving increased interest in debt forgiveness programs, offering potential balance reductions of 30-50%, but requiring minimum debt, payment delinquency, and financial hardship.

Progress

52% Bias Score

Reduced Inequality
elmundo.es
🌐 75% Global Worthiness
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Inadequate Financial Education Leaves Young Spaniards Facing Tax Debt

In Spain, a 24-year-old faced a €3,000 tax debt due to insufficient knowledge of tax laws and employer withholding errors, highlighting a broader issue of inadequate financial education among young people, as only 4.7% of students show a comprehensive understanding of financial concepts according to...

Progress

44% Bias Score

Quality Education
cbsnews.com
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Record Credit Card Debt Spurs Demand for Debt Relief Solutions

Record-high credit card debt in the US, fueled by inflation and tariffs, is driving demand for debt relief solutions like consolidation, balance transfers, debt management plans, and debt settlement, each with varying costs, credit impacts, and eligibility.

Progress

36% Bias Score

Reduced Inequality
cnn.com
🌐 85% Global Worthiness
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Federal Student Loan Payments Restart, Impacting Millions Amid Economic Uncertainty

The end of the pandemic-era pause on federal student loan payments on May 5, 2023, leaves over 5 million Americans in default facing wage and benefit garnishments, adding to financial strain amid inflation and global economic uncertainty, while 4 million more are delinquent.

Progress

60% Bias Score

No Poverty
ru.euronews.com
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Europe's Economic Crisis Fuels Anti-Feminist Backlash

Economic hardship among young European men, particularly in housing and education, fuels anti-feminist discourse and contributes to increased support for far-right parties, contrasting with young women's greater support for progressive movements.

Progress

60% Bias Score

Gender Equality
us.cnn.com
🌐 90% Global Worthiness
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USDA Funding Halt Cripples Food Banks Nationwide

The USDA's abrupt halt of \$500 million in funding for food banks nationwide is causing significant disruptions, impacting approximately 60,000 meal programs, forcing food banks to reduce the amount and variety of food provided to those in need.

Progress

32% Bias Score

Zero Hunger
bbc.com
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Northern Ireland Food Bank Usage Surges 71%

Food bank usage in Northern Ireland has increased by 71% in the past year, with over 77,000 emergency food parcels distributed, equivalent to one parcel every seven minutes; this surge disproportionately affects families with children, highlighting the urgent need for systemic change.

Progress

56% Bias Score

Zero Hunger
abcnews.go.com
🌐 85% Global Worthiness
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Older Americans Face Social Security Garnishment Over Resumed Student Loan Collections

The Trump administration's resumption of student loan collections is garnishing the Social Security checks of hundreds of thousands of older Americans, causing widespread financial hardship and impacting their ability to meet basic needs. This follows a five-year pause due to the pandemic and affect...

Progress

56% Bias Score

No Poverty
cnn.com
🌐 85% Global Worthiness
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Student Loan Collections Resume, Impacting Millions

The Department of Education restarted the collection of defaulted student loans on July 9th, 2024, impacting over 5 million borrowers who risk wage and benefit garnishment, reversing Biden-era policies and potentially exacerbating economic inequalities.

Progress

36% Bias Score

No Poverty
nbcnews.com
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BNPL Loan Usage for Groceries Rises Amid Economic Uncertainty

A LendingTree survey reveals that 25% of Americans used buy now, pay later services for groceries in 2025, up from 14% in 2024, with 41% reporting late payments, highlighting the financial strain caused by inflation and high interest rates.

Progress

48% Bias Score

No Poverty
cnn.com
🌐 85% Global Worthiness
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Job Losses Under Trump Administration Lead to Significant Health Crisis

The Trump administration's job cuts caused significant economic and health problems for tens of thousands of federal workers; a 2023 study showed that the perception of job loss, more than the actual financial impact, significantly impacts mental and physical health.

Progress

36% Bias Score

Good Health and Well-being
nbcnews.com
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Legal Challenge Blocks Student Loan Payment Relief Amid Rising Job Cuts

A U.S. appeals court decision blocked the Biden administration's new income-driven repayment (IDR) plan, leaving over 40 million American student loan borrowers with limited options for payment relief as job cuts rise, and the total outstanding debt exceeds \$1.6 trillion.

Progress

36% Bias Score

Reduced Inequality

Showing 13 to 24 of 58 results