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Factoid of the Day Tuesday, August 14, 2018
A new report from the Urban Institute states that more than 1 million people default on their student loans each year, according to CNBC. After default, a student loan borrower will see their balance increase by around 10% and their credit score drop by about 60 points, to an average of around 550, which is considered "very poor" by Experian. Nearly 40% of borrowers are expected to default on their student loans by 2023. Outstanding education debt in the U.S. has tripled over the past decade to more than $1.5 trillion. 
 
Brian Wesbury - Economic Video Commentary
Downside to the Upside

Bob Carey - Video Market Update
An Avalanche of Earnings

New ETF – Listing Date: July 26, 2018
First Trust Lunt U.S. Factor Rotation ETF (FCTR)


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