https://padlet.com/josharnold99/8efo9ojf3fep Made with wonder en-us 2018-04-16 17:17:33 UTC 2018-04-17 03:43:43 UTC hello@padlet.com josharnold99 https://padlet.com/josharnold99/8efo9ojf3fep/wish/252256672 How loans and interest affect you as a consumer and a taxpayer by : josh arnold ]]> 2018-04-16 17:20:45 UTC https://padlet.com/josharnold99/8efo9ojf3fep/wish/252256672 josharnold99 https://padlet.com/josharnold99/8efo9ojf3fep/wish/252257459 welcome to How loans and interest affect you as a consumer and a taxpayer. this wall will help towards the further understanding of how loans and interest affect us as a consumer and how our taxes vary by these subjects. ]]> 2018-04-16 17:22:25 UTC https://padlet.com/josharnold99/8efo9ojf3fep/wish/252257459 josharnold99 https://padlet.com/josharnold99/8efo9ojf3fep/wish/252260170 If you pay student loans, the GOP tax overhaul could affect you. Here’s how.
https://www.youtube.com/watch?v=syi9NgKKiH0
this video discusses how the tax overhaul bill could make higher end education a more expensive route to take in school. the bill would end the deduction for interest paid on student loans. which is a system used by over 12 million students. this would mean for example instead of only paying interest on a certain amount for example 15 thousand the student would have to pay full interest on all 60 thousand of the student loan. ]]> 2018-04-16 17:28:00 UTC https://padlet.com/josharnold99/8efo9ojf3fep/wish/252260170 josharnold99 https://padlet.com/josharnold99/8efo9ojf3fep/wish/252270522 U.S. Student Loans: A Coming Disaster for Taxpayers
https://www.youtube.com/watch?v=3BCtifa-WRw
this video covers how the height of student loans is getting very high and will affect tax payers in the short coming time this covers how the u.s government is lending money that borrowers cannot repay leaving America in a crisis. Elliot wave who is a financial forecaster said that the level of student loans already surpasses the us credit card debt to date. this num ber will rise Elliot says over the years creating a major problem for tax payers and the economy in general. ]]> 2018-04-16 17:49:05 UTC https://padlet.com/josharnold99/8efo9ojf3fep/wish/252270522 josharnold99 https://padlet.com/josharnold99/8efo9ojf3fep/wish/252398604 How Interest Rates Affect the Market
https://www.youtube.com/watch?v=lmhkSv54YkA
this video directly talks about how interest affects the market for us consumers everyday. they go into detail on how when smaller private banks don't borrow money from the federal banks how it creates a ripple like affect on the economy costing credit card, mortgage rates and loans increasing for the average consumer which then causes us as a consumer to have less money which leads business to smaller profits and costs business more to borrow money. ]]> 2018-04-17 02:36:52 UTC https://padlet.com/josharnold99/8efo9ojf3fep/wish/252398604 josharnold99 https://padlet.com/josharnold99/8efo9ojf3fep/wish/252400113 sapling
https://www.sapling.com/4564447/interest-rates-affect-economy
this website goes into great detail explain how interest rates have many variables in our economy affecting many different sectors. they weigh in on how the interest rates influence the average consumer to spend on their credit cards or home mortgage. as well as business owners and how they will purchase inventory or buy new equipment. they say when interest rates fall the consumer has less incentive to save thus causing them to borrow money they cannot pay back putting them into a greater debt. and when the economy is weak interests get cut to stimulate more growth for the sector to aid in the process. ]]> 2018-04-17 02:45:58 UTC https://padlet.com/josharnold99/8efo9ojf3fep/wish/252400113 josharnold99 https://padlet.com/josharnold99/8efo9ojf3fep/wish/252402440 https://www.forbes.com/sites/joshfreedman/2014/02/11/student-loans-are-a-big-drag-on-the-economy-and-society/#197b99644bc1
this website discusses how student loans are a drag on the economy and slow the process of growth for the economy because of the debt being carried by so many students that cannot afford to pay back the student loans they were granted at the start of school and how most are not finishing school and letting the debt rack up thus causing the economy to slowly crash overtime creating a much bigger deficit to get out of.

]]> 2018-04-17 03:01:37 UTC https://padlet.com/josharnold99/8efo9ojf3fep/wish/252402440 josharnold99 https://padlet.com/josharnold99/8efo9ojf3fep/wish/252407300 https://www.economicshelp.org/macroeconomics/monetary-policy/effect-raising-interest-rates/
this website talks about the many different factors in which interest affects the average person. they say with high interest rates it becomes harder to borrow and spend because their credit card and mortgage rates are so high they don't have enough to spend after those are paid off. but on the other hand it makes it more attractive to save in a deposit account because of the interest gained off of the money from higher interest rates. ]]> 2018-04-17 03:23:02 UTC https://padlet.com/josharnold99/8efo9ojf3fep/wish/252407300 josharnold99 https://padlet.com/josharnold99/8efo9ojf3fep/wish/252409113 https://www.economicshelp.org/wp-content/uploads/2017/03/effect-of-higher-interest-rates.jpg 
this picture relates to my topic because it shows a direct correlation towards higher interests rates and the economy. it is in the form of a flow chart as the end shows slow economic growth. ]]> 2018-04-17 03:35:02 UTC https://padlet.com/josharnold99/8efo9ojf3fep/wish/252409113 josharnold99 https://padlet.com/josharnold99/8efo9ojf3fep/wish/252409548 https://www.economicshelp.org/wp-content/uploads/2016/11/interest-rates-personal-economy.jpg
this chart shows two sides one for the personal effect and one for the economic side for higher interest rates. for consumer side it shows an increase return for savers also the fact that banks may be more willing to lend the money to you. for economic side one major factor was the risk of unemployment rising. ]]> 2018-04-17 03:38:15 UTC https://padlet.com/josharnold99/8efo9ojf3fep/wish/252409548