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For 2023, your total investment income had to be under $11,000.
Those with higher incomes may receive a smaller credit.
Nearly 43 million borrowers have federal student loan debt.
The average borrower owes $40,681, including federal and private student loans.
The topic of student loan forgiveness has been in the news for years now.
Under the Biden-Harris administration, the total amount offorgiven student loan debtwas $168.5 billion.
In comparison, the average household income before taxes was $94,003 in 2022.
If Biden gets reelected, minimum wages could increase.
The proposed federal minimum wage is $15 an hour an improvement if nothing else.
If broken down evenly across the population, thats $13,493 per person.
While costs are still exorbitantly high, a Biden reelection could potentially ease the financial burden a little.
Bidens health plan entails the expansion of ACA coverage to increaseaccessibility and affordabilityof healthcare services, Warren said.
Housing Could Potentially Become More Affordable
Making housing affordable is still a key concern, Warren said.
Biden is proposing increasing the availability of low-cost homes as well as financial support for tenants and homeowners.
Part of this entails prioritizing the construction ofmore affordable homesthroughout the country.
Thisincreased housing supplycould, in theory, help stabilize the rising costs of homes nationwide.
But thats not all.
For those who are worried about rising rental prices, theres potential for relief.
In a recent announcement, Biden discussed the possibility of lowering the cost of rent in the country.
Unfortunately, the tenants who are most impacted by this increase tend to be lower-income individuals.
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