Anne‑Marie Fertoli
speaker
186 appearances
6 recordings
1 series
first heard Nov 2017
last heard Nov 2019
Anne‑Marie Fertoli’s voice in public audio — every appearance, attributed to the second.
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Appearances
WSJ Your Money Briefing · Will the Rental Industry Survive an Economic Downturn? · 7 Nov 2019
podcast
Here's your Money Briefing.
I'm Anne-Marie Fertoli at The Wall Street Journal in New York.
Renting homes, leasing cars, streaming music.
More and more people are opting out of owning their stuff.
The Wall Street Journal's J.R.
Whelan talks with Heard on the Street columnist Justin Lehart about the new rental economy and what an economic downturn could mean for those business models.
But first, here are some money and market headlines.
A number of Democratic presidential candidates have proposed a wealth tax, and that might have a positive ripple effect for charities.
Potentially facing an annual tax that would eat into their returns and shrink wealth, billionaires would have an incentive to give their money to avoid taxes.
which could spark a short-term boom in billionaires donating to charities.
Senator Elizabeth Warren is calling for a 6 percent wealth tax rate, while Senator Bernie Sanders' plan calls for 8 percent a year.
But the long-term effects of the wealth tax proposals would be much more uncertain, dependent on individuals' giving strategies and on whether the tax prevents accumulations of wealth in the first place.
Having a job license could soon be the ticket to a loan.
Credit scores used to just reflect a person's history of paying off debt.
But a new credit score called LIFT will soon factor in other things like professional licenses in real estate, hairstyling, or plumbing.
LIFT, that's L-I-F-T, was created by the credit reporting firm Experian.
It's aimed at helping lenders make loans available to consumers with no or limited borrowing histories by providing the lenders with more data to help identify good credit risks they otherwise might overlook.
And speaking of taking out loans, more people in the U.S.
are facing the financial realities of being in debt, whether it's a car loan, credit cards, or student loans.
Consumer debt has climbed to $4 trillion.
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