meta_pixel
Tapesearch Logo
Log in
The Clark Howard Podcast

7.2.20 Millions of loan payments being skipped; How to approach investing if you are near retirement

The Clark Howard Podcast

Clark Howard

Investing, Entrepreneurship, Business

4.64.9K Ratings

🗓️ 2 July 2020

⏱️ 37 minutes

🧾️ Download transcript

Summary

Millions of loan payments aren't being made right now. But it's actually not as bad as some people thought it might be. Many near-retirees are having a hard time thinking about how they should handle their investments right now. Clark gives his thoughts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

This episode is brought to you by Royal Mail, the UK's Greenest Delivery Company.

0:05.8

This is the sound your parcels could make.

0:08.5

Because Royal Mail posties are light on their feet, they provide the lowest emission deliveries

0:13.4

of the UK.

0:14.4

Now that's something to dance about.

0:17.8

Send it greener with Royal Mail.

0:19.6

Learn more at RoyalMail.com forward slash green.

0:23.0

Greenest when measured in terms of the CO2 e-emissions per parcel reported by the UK parcel delivery

0:27.2

companies who currently publicly report these statistics.

0:36.2

Glad you're with us here on the Clark Howard Show where it's all about you and that wallet

0:41.1

of yours.

0:42.1

I want you to learn ideas to me so that you can keep more of what you have.

0:47.2

And one of the things that economists are watching with fear is how many people are going

0:55.7

to default on various loans they have with us being in the midst of an unusual but what's

1:04.1

a very deep recession.

1:06.4

Well, so far the data is really good.

1:11.1

The latest data available is several weeks old.

1:16.0

But it's still really solid because it covers when unemployment was at its highest as a

1:24.3

result of the layoffs with coronavirus.

1:27.8

And when you look at what is not getting paid right now, what is in deferment or some

1:35.0

other form of forbearance or something like that, overwhelmingly three quarters of the

1:43.6

loans in the country that are in some form of payment status where you don't have to pay

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from Clark Howard, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Clark Howard and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2025.