A majority of borrowers who together hold about $400 billion in federal student debt made no payment on their loans in the pandemic era.
Like a supertanker, US debt-service costs only change course very slowly. But it’s happening now -- and from Washington’s point of view, the new direction is the wrong one: they’re heading up.
The number of business locations increased in almost three-quarters of U.S. counties over the two years through September 2021, according to new research from the Economic Innovation Group, a Washington think tank. The fastest growth was in the Southeast of the country and inland western regions.
Last week, the Labor Department published data that showed consumer price rose 7.5% in January from a year earlier, the biggest increase in decades. Persisting high inflation has led has led the central bank to pivot toward a tighter monetary stance to help cool off prices.
U.S. lenders issued more credit cards than ever last year, with a growing share of them going to consumers with lower credit scores.
The surge in U.S. retirements during the Covid-19 pandemic was led by older White women without a college education, according to research by the St. Louis Federal Reserve.
A central part of the “American Dream” is to buy a house, pay it off over time and retire with hundreds of thousands of dollars of equity in the home.
Americans are racking up bills on credit cards, returning to pre-pandemic habits after emergency relief programs ended and the economy reopened.
Older borrowers will be among the hardest hit when student-loan payments resume for more than 40 million Americans after a pandemic freeze, according to research by Fidelity Investments Inc.
U.S. single-family home rental prices jumped 7.5% in June, showing no sign of abating amid a hot housing market and construction lags.
If there’s a single word that captures how Americans feel about their economy as the second pandemic summer draws to a close, it could conceivably be: “meh.”
The cost of renting a home is soaring in cities across the U.S., squeezing the finances of low-income households and posing a threat to the consensus that pandemic inflation will soon fade away.
The surge in early retirements spurred by the pandemic is increasing inequality among Baby Boomers in the U.S., with older Black workers without a college degree more likely to be forced to exit the labor market prematurely, a study showed.
With the 2021 college graduation season in full swing, there is some good news for this year’s class: Their first job’s pay is slightly improving.
Rents are soaring in many U.S. cities as the economy rebounds, squeezing the budgets of tenants who also face increased risk of eviction after courts overturned a pandemic-era ban.
U.S. college enrollment dropped to the lowest level in almost two decades last year, as the pandemic shut down schools and persuaded students to put their academic plans on hold rather than pay large sums to attend online-only classes.
Low-income Americans bore the brunt of job losses when the pandemic arrived. Now they’re getting hit hardest by price increases as the economy recovers.
Financial markets are obsessed with where inflation is headed. Statisticians are struggling to figure out where it’s at.
U.S. college enrollment of first-time undergraduates declined at the fastest pace in decades last year, according to research published Monday by the Federal Reserve Bank of St. Louis.
America’s population is growing at the slowest rate since World War II, threatening to undermine demand and investment in the economy, according to a new blog post from the St. Louis Federal Reserve.
The U.S. economy has splintered along state and city lines, with the speed of the rebound largely dependent on the magnitude of local business restrictions to combat an unending surge in Covid-19 cases.
U.S. keg-beer manufacturing has been reeling this year as Covid-19 shuttered bars.
The decline was led by a drop in outstanding credit-card balances .