06.24.24 Clark’s Fix For Social Security / Student Loan Rates & Alternatives

The Clark Howard Podcast

Clark Howard

Investing, Entrepreneurship, Business

4.6 • 5.2K Ratings

🗓️ 24 June 2024

⏱️ 29 minutes

🔗️ Recording | iTunes | RSS

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Summary

Clark explains the problems with Social Security funding, and how he would fix them. Another heated topic today - student loans. As interest rates on loans rise, Clark shares alternative ideas for funding college. Social Security: Segment 1 Ask Clark: Segment 2 Student Loan Rates: Segment 3 Ask Clark: Segment 4 Mentioned on the show: Social Security’s Funding Crunch Worsens as the Top 6% Get Richer Will Social Security Run Out? / When Is the Best Time To Collect Social Security? Why Clark Says Everyone Should Have a Dash Cam Is Medical Tourism Right for You? (Clark.com) Top 7 Things to Look for When Choosing a Medical Tourism Facilitator What Is a 1031 Exchange? Know the Rules - Investopedia NYTimes: Interest on Federal Student Loans Is Rising to 6.53%-Education Dept. announces highest federal student loan interest rate in more than a decade Brands from Burger King to Coke to Lockheed Martin are leaning in on scholarships to capture Gen Z How to find an internship in the federal government / Education Archives - Clark Howard What Is Mean Reversion, and How Do Investors Use It? Reserve Officers' Training Corps (ROTC) Program Credit Card Car Rental Insurance: What You Need To Know (Clark.com) Should I Buy Additional Insurance From a Rental Car Company? The Hospital Mistakenly Charged Me $25,000 for a Rabies Shot. What Do I Do? Thank you for listening today, Clarkies! If you want to be part of our “Clarkie” segment, call 404-981-2071 to leave a comment or story. We may play it during a future episode! Clark.com resources Episode transcripts Community.Clark.com Clark.com daily money newsletter Consumer Action Center Free Helpline: 636-492-5275 Learn more about your ad choices: megaphone.fm/adchoices Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:22.0	lower case. that Shopify.
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0:25.8	I'm so glad to welcome you here to the Clark Howard show our mission is to serve you with advice and information that empowers you so you make better financial decisions in your life.
0:43.0	This episode, okay, I'm going to step into it again.
0:48.0	Social security.
0:50.0	I know the Clark Stinks are already, your fingers ready to type of Clark Stinks
0:56.6	because no matter what I say about Social Security do you know we get a stronger
1:00.6	reaction to that than any other topic I ever talk about all year long.
1:07.0	Another heated topic, student loans. There's new information you need to know on the student loan front. It's ugly
1:16.7	so I got alternatives for you when it comes to paying for college education. So Social Security is obviously in
1:28.6	financial trouble, something that's been clear for 10 years, but now we're getting closer and closer to train wreck time.
1:37.0	Here's the issue. We in the United States are an aging population. The number of babies being born is way down per population.
1:49.2	We're below if it were not for immigration both legal and illegal the United States
1:55.6	would have a declining population right now and so what's happening is we have
2:02.3	fewer and fewer workers paying into Social Security to pay for
	...

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