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Alex Tanzi

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THE UNEMPLOYMENT RATE among Americans aged between 22 and 27 who recently earned a Bachelor’s degree or higher was 3.9% in December - about 0.3 percentage point above the rate for all workers. / AP FILE PHOTO/SETH WENIG

In hot U.S. jobs market, half of college grads are missing...

WASHINGTON – Millions of Americans are seeing little return from their expensive college degrees - even in today’s hot jobs market. For the first time...
TOTAL U.S. household debt rose by $601 billion in the fourth quarter from a year earlier eclipsing $14 trillion. / BLOOMBERG NEWS

U.S. household debt exceeds $14 trillion for the first time

WASHINGTON – Americans increased their borrowing for the 22nd straight quarter as more households took out loans to buy homes or refinance existing mortgages,...
U.S. HOUSEHOLD debt totaled $13.95 trillion at then end of the third quarter of 2019, $1.3 trillion over its previous peak in 2008. / BLOOMBERG NEWS FILE PHOTO/DANIEL ACKER

U.S. household debt rises for 21st quarter, lifted by mortgages

WASHINGTON – Americans increased their borrowing for the 21st straight quarter as more households took out loans to buy homes or refinance existing mortgages,...
THE IHS Markit manufacturing Purchasing Managers’ Index slipped to 50.1 from 50.5, according to a preliminary report Friday. / BLOOMBERG FILE PHOTO/ MATTHEW BUSCH

U.S. factory index falls to fresh nine-year low

WASHINGTON – A gauge of United States factories fell in June to the lowest since late 2009 and hovered just above the threshold between...
NEARLY 40% of Americans lack confidence they will ever save enough money to retire, according to a new survey by LendEDU. / BLOOMBERG NEWS FILE PHOTO/ MICHELE LIMINA

Retirement? Four in 10 Americans don’t see it ever happening

NEW YORK – Almost 40% of Americans lack confidence they will ever save enough money to retire. That number climbs even higher among older...
TOTAL U.S. CREDIT rose $17 billion from the prior month. / BLOOMBERG FILE PHOTO/DAVID PAUL MORRIS

U.S. consumer debt rose in Jan. on credit-card borrowing

NEW YORK - United States consumer debt picked up in January as Americans tapped credit cards after the holidays, suggesting support for spending at...
UNITED STATES credit card debt hit a record $870 billion at the end of 2018. / BLOOMBERG NEWS FILE PHOTO

U.S. credit card debt closed 2018 at a record $870B

NEW YORK -United States credit card debt hit $870 billion - the largest amount ever - as of December 2018, according to the data...
ONE IN FIVE millennials say that student loan debt is holding them back from homeownership, according to a new survey. / BLOOMBERG NEWS FILE PHOTO/SCOTT MCINTYRE

Student loans prevent nearly 20% of millennials from home buying

NEW YORK - About one in five millennials say that student loan debt is holding them back from homeownership, according to a survey commissioned...
ECONOMISTS SURVEYED by the National Association for Business Economics largely expected tariffs to have an impact on inflation. More than three-quarters of business economists in the survey expect the United States to enter a recession by the end of 2021./ BLOOMBERG NEWS

Most economists see U.S. recession by 2021, NABE survey shows

NEW YORK - More than three-quarters of business economists expect the United States to enter a recession by the end of 2021, though a...
NEW ENGLAND WAGE growth is outpacing Mid-Atlantic wage growth recently. / BLOOMBERG NEWS

U.S. Northeast wages diverge between New England v. Mid Atlantic

NEW YORK - The Yankees and the Red Sox aren’t the only Northeast-vs-Middle Atlantic duels going on. The two regions are increasingly taking divergent wage...

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