Nobel Laureate Economist Richard H. Thaler believes that the stock market rise could belie a potential fall. Thaler, a University of Chicago professor, won the Nobel Prize in economics this week. Thaler believes that the market is too complacent to be truly stable.
Students at Private Institutions More Prone to Student Loan Default A recent study by the National Center for Education Statistics (NCES) has found that students enrolled in private colleges defaulted more on their student loans than those studying at public institutions.
Rich Getting Richer, Poor Remaining Poor in the United States The Federal Reserve’s new Survey on Consumer Finances finds that income inequality is widening between upper- and lower-class Americans, with the rich continuing to amass more wealth and the poor only seeing modest gains—or no gains at all. The report reveals that the income and wealth held by (more…)
Rising Costs of Financing Cause Decline in Mortgage Applications Mortgage applications have seen another week of decline—this time because Americans are postponing their decision to refinance their mortgages, amid the rising costs of refinancing. Mortgage applications fell 0.5% in the week ending September 22, compared to the week before (on a seasonally adjusted basis), according (more…)
Zip Codes Are Defining Employment Opportunities for Americans The majority of the United States is economically falling behind as the richer communities benefit from the bulk of the new businesses and better employment opportunities. A new study by the non-profit research organization Economic Innovation Group finds that economic inequality based on geographic location is growing in the country.
Mortgage Rates Rise After Declining for Almost Two Months For many Americans, their dream home is slowly slipping out of reach. Just as I reported that house prices are getting more expensive in the United States, we find out that mortgage rates are also going up.
Americans Dealing with a Double-Edged Sword American homeowners face a grave dilemma: many of them own houses in areas that are marked as the riskiest to live in—in terms of natural disasters—yet also provide the greatest opportunities for appreciation in home value.
House Prices in the United States Kept Rising in July The dream of owning a home is slipping further from the grasp of many Americans as house prices continued their upward climb in July.
Import Prices Record Largest Advance Since January Imports to the United States became more expensive in August as fuel prices posted their biggest jump since January while the U.S. dollar’s value continued its southward journey.
Small- and medium-sized businesses (SMBs) are the backbone of the U.S. economy, but those businesses are being cobbled by administrative tasks. A new report by Sage Group plc shows that manual processes costs U.S businesses 4.9% of its time, or $335.3 billion in lost productivity each year.