Under President Joe Biden’s new student debt relief plan, about half of the Latino community will have their debts forgiven. The Biden administration is canceling up to $10,000 in federal student loan debt and an extra $10,000 if the student is a Pell Grant recipient. In order to qualify for this act, the student must […]
Report Finds Latinos Are More Pessimistic About Nation’s Finances
April 17, 2017 By
According to a quarterly study conducted by the Florida Atlantic University Business and Economics Polling Initiative (FAU BEPI) that randomly selected 500 Hispanics, Latinos are expressing uncertainty about the nation’s economic long-term forecast more than ever. Hispanic consumer sentiment is down 10 points from December of last year, and 57% said they expected bad times […]
Puerto Rico Calls for Bankruptcy, Asks Creditors to Postpone Debt Payments
June 30, 2015 By
Governor Alejandro Garcia Padilla asked that his commonwealth be allowed to restructure its $73 billion in public debt under U.S. bankruptcy code, saying the island will soon run out of cash and will likely have an effect on the roughly 5 million people of Puerto Rican descent living in the mainland United States. Puerto Rico […]
Just Before Labor Day, a Report Shows Struggles of Latino Workers
September 3, 2013 By
By Griselda Nevarez, Voxxi A new report by the AFL-CIO depicts how, even after four years since the recession officially ended, Latino workers continue to be disproportionally affected by the weak economic recovery. The report released Thursday finds that as the U.S. economy recovers, Latinos are facing higher rates of unemployment and underemployment, as well as lower wages and […]
Guest Blogger: Henry Cisneros “Embers of Debt Create A Fire Hazard”
July 30, 2013 By
When you’re putting out a campfire, it’s the embers that you need to worry about. They may not look as impressive as a roaring fire, but if you don’t respect them they can cause a raging forest fire nonetheless. So it is, as well, with this country’s debt problems: they may not look as dire […]
Latinovations Member Featured on CNN en Español Discussing Rise of Student Interest Rates
July 2, 2013 By
Latinovations’s very own Jose Aristimuno was featured on CNN en Español yesterday to discuss how doubling student interest rates would be devastating for Latino students. Because nearly 67% of Latinos rely on financial aid to pay for college, the increase of interest on Subsidized Stafford loans from 3.4% to 6.8% will affect many Latino students […]
Guest Blogger: Rafael Fantauzzi “It is Time for Hispanic Leaders to Stand up on the National Debt”
February 26, 2013 By
With talks in D.C. relentlessly concentrating on the threat of a sequester, I have spent a lot of time thinking back to an event I participated in a few weeks ago. On February 6th I took part in an event that was so obvious in value, yet so rare in practice these days. I sat down […]
Congress Votes and Passes Bill to Prevent Fiscal Cliff
January 2, 2013 By
The House of Representatives voted Tuesday night to approve the Senate’s bill to avoid the fiscal cliff, and just in time before the new Congress is set to be sworn in on Thursday. Once Vice President Joe Biden and Senate Republican Leader Mitch McConnel of Kentucky met early Tuesday on a deal to prevent the […]
Guest Blogger Series: Rafael Fantauzzi “The Fiscal Cliff and the National Debt: A Hispanic Call to Action”
December 20, 2012 By
Our nation is just two weeks away from the fiscal cliff, the series of tax increases and automatic spending cuts that threaten to derail our fragile economic recovery. If we go over the cliff, the median Hispanic family of four would see an income tax increase of $2,200. An abrupt change like this, coupled with […]
Guest Blogger: Drew Brown “Budget Control”
October 26, 2012 By
As the countdown to the Presidential Election continues, there is plenty of finger-pointing, political ad content and rhetoric to sift through. One of the biggest areas of debate among the candidates across the board relates to the United States budget, our deficit and growing debt. With so much information out there, how do you know […]
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