A Quote by Dan Schulman

On average, an underserved consumer spends 10% of their disposable income on unnecessary fees and interest rates. — © Dan Schulman
On average, an underserved consumer spends 10% of their disposable income on unnecessary fees and interest rates.
When interest rates are high you want the average direction in which interest rates are moving to be downward; when interest rates are low you want the average direction to be upward.
The primary driver of final consumer demand is, of course, the level of disposable income.
Every loan that we did in the City of Detroit in the 10 years they studied - between 2005 and 2014 - were conventional FHA, VA loans with average interest rates of 6%.
You know, I think of the global economy as an inverted triangle, resting on the shoulders of the American consumer. And if the American consumer cannot have enough disposable income in order to maintain a standard of living that creates more opportunities generation after generation, that's bad for everybody.
After adjusting for inflation, the average income of the top 5% of households grew by 38% from 1989 to 2013. By comparison, the average real income of the other 95% of households grew less than 10%.
After adjusting for inflation, the average income of the top 5% of households grew by 38% from 1989 to 2013. ?By comparison, the average real income of the other 95% of households grew less than 10%.
Since 2008 you've had the largest bond market rally in history, as the Federal Reserve flooded the economy with quantitative easing to drive down interest rates. Driving down the interest rates creates a boom in the stock market, and also the real estate market. The resulting capital gains not treated as income.
A lot of people out there working hard and finally building up to getting a pretty good income. Higher tax rates on them, you know, the income rates going up, the dividend rates are going up, the capital gains rates all going up before health care kicks in.
The impact of low interest rates is broad and deep. Many Americans rely on interest income from their savings to help cover their cost of living.
Our GDP growth rates are creating - our high GDP growth rates, the success of our economy means we're creating lots of disposable income.
The real challenge was to model all the interest rates simultaneously, so you could value something that depended not only on the three-month interest rate, but on other interest rates as well.
In the 10 cities with the nation's highest obesity rates, the direct costs connected with obesity and obesity-related diseases are roughly $50 million per 100,000 residents. And if these 10 cities just cut their obesity rates down to the national average, all added up they combine to save nearly $500 million in healthcare costs each year.
The average family earning minimum wage spends 141 percent of their income struggling to meet basic needs - food, shelter, clothing.
The degree of monetary policy ease should be associated with the level of real interest rates, not nominal interest rates.
It makes no difference to a widow with her savings in a 5 percent passbook account whether she pays 100 percent income tax on her interest income during a period of zero inflation or pays no income tax during years of 5 percent inflation. Either way, she is 'taxed' in a manner that leaves her no real income whatsoever. Any money she spends comes right out of capital. She would find outrageous a 100 percent income tax but doesn't seem to notice that 5 percent inflation is the economic equivalent.
And so Fannie Mae produces very strong results for investors in - when interest rates are high and when interest rates are low, in recession and during booms.
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