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☆ Get to the office if you want a promotion, ex-Google CEO says
▼ + stars: | 2024-11-15 | by ( Jaures Yip | ) www.businessinsider.com time to read: +5 min

Major tech companies have cracked down on fully remote work, including Amazon, Google, and Meta. Get into the office and soak up the knowledge within its walls, Google's former CEO says. Studies have also suggested that being fully remote decreases workers' productivity. Companies, including Amazon, JPMorgan, and Goldman Sachs, have ditched their remote work policies for full return-to-office mandates, with some even threatening to track performance or terminate those who don't comply. However, Google assured workers in October that it would not follow Amazon's expectations for staff to come into the office five days a week.

Persons: Eric Schmidt, Schmidt, —, unravels ChatGPT, Goldman Sachs, Mark Zuckerberg, Sam Altman, Eric misspoke Organizations: Amazon, Google, Service, Technologies, Street, Stanford's Institute for Economic Policy Research, Companies, JPMorgan, Meta, Fortune, Stanford University

☆ Taiwan wants to buy F-35 fighter jets and Patriot missiles to show Trump it's serious: report
▼ + stars: | 2024-11-11 | by ( Hannah Abraham | ) www.businessinsider.com time to read: +5 min

The package could include 60 F-35 fighter jets and 400 Patriot missiles, the FT reported. According to the Financial Times, the package could include 60 F-35 fighter jets, four Advanced Hawkeyes, 10 retired warships, and 400 Patriot missiles. "Taiwan is thinking about a package to show that they are serious," one former Trump administration official told the Financial Times. Blandin added that it's highly unlikely the US would send troops to defend Taiwan in the event of a Chinese attack. AdvertisementIn 2022, Biden vowed to defend Taiwan in case of a Chinese attack.

Persons: Donald Trump, —, Trump, Benjamin Blandin, Blandin, Sari Arho Havrén, Biden, Karoline Leavitt Organizations: Patriot, Service, Financial Times, Hawkeyes, Lockheed, Aegis, Business, Reuters, Institute for Economics, Peace, Bloomberg, Yokosuka Council, Pacific Studies, Trump, Taiwan, Royal United Services Institute, Air Missile Systems, White, British Locations: Taiwan, China, United States, Yokosuka, Asia, Singapore, Philippines, London, Taipei

☆ Why inflation could rise and interest rates remain elevated under a Trump presidency
▼ + stars: | 2024-11-06 | by ( Hanna Ziady | ) edition.cnn.com time to read: +5 min

(Higher interest rates tend to boost the value of a currency by attracting more capital from abroad as investors seek bigger returns.) “Investors are bracing for tariffs… which will push up the price of imported goods for American shoppers,” she wrote in a note Wednesday. The pain of Trump’s tariffs will be felt far beyond US borders. “We also believe that Trump could decide to implement even higher tariffs on economies that run large trade surpluses with the US,” BMI analysts wrote in a note Wednesday. “Donald Trump’s economic course will pose major problems for Germany and the European Union,” the institute said.

Persons: Donald Trump, Matthew Ryan, Susannah Streeter, Hargreaves, ”, Trump’s, Trump, ” Nomura, Philip Shaw, Ellie Henderson, Streeter, Anthony Kettle, “, Spencer Platt, “ Donald Trump’s Organizations: London CNN, Republican, Senate, CNN, Federal Reserve, Trump, “, RBC Global Asset Management, BMI, Fitch Solutions, Port, Getty, European Union, Ifo Institute for Economic Research Locations: United States, Mexico, China, Germany, Canada, Japan, South Korea, Newark, New Jersey, Munich

☆ Vietnam waits for major upgrade to its $200 billion stock market
▼ + stars: | 2024-10-28 | by ( Shafi Musaddique | ) www.cnbc.com time to read: +1 min

Vietnam's long wait for emerging market status could soon be over. The Southeast Asian nation is currently classified as a frontier market and has been on the FTSE emerging market watchlist since 2018. An upgrade to emerging market status could see global funds pouring billions into Vietnam's financial market which currently has a market value just north of $200 billion. Speaking to CNBC's "Street Signs Asia" before the confirmation, Maybank Investment Bank Vietnam's Head of Equity Research Thanh Quan Trong said that the FTSE upgrade for Vietnam to emerging market status could come as early as September 2025. "We are seeing good progress in Vietnam fixing the regulatory bottlenecks to get the market upgraded to emerging market status," Trong told CNBC.

Persons: Equity Research Thanh Quan Trong, Pham Minh, Trong Organizations: FTSE, Russell, Maybank Investment, Vietnam's, Equity Research, FTSE Russell, CNBC, World Bank, Vietnam's Institute for Economic, Research Locations: Vietnam

☆ Welcome to the 'treat yourself' economy — where skincare and long hair rule
▼ + stars: | 2024-10-25 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +4 min

An uptick in personal care spending could be a sign US consumers are feeling more confident. Better-than-expected retail sales last month point to a coming "treat yourself economy." Those rising numbers point to a trend that Washington Post reporter Heather Long dubbed the "treat yourself economy" in a conversation with Marketplace last week. AdvertisementIt's an expensive trend that may have been less achievable a year or two ago when personal care spending was down nationwide. "Consumers are more willing to spend on the luxury or higher-quality personal care items they avoided during the downturn, such as high-end hair care or designer skincare goods."

Persons: —, Heather Long, Long, Peter C, Earle Organizations: Service, Washington Post, American Institute for Economic Research, Wall Street Locations: Utah

☆ China is menacing Taiwan with a drone swarm attack — and the US is playing catch-up
▼ + stars: | 2024-10-08 | by ( Tom Porter | ) www.businessinsider.com time to read: +9 min

Creating a 'Hellscape'Drones could be deployed by China to swarm over Taiwan and guide high-precision missile strikes, experts told Business Insider. Numbers countBut countering China's drone capability is in part a numbers game, and this is where Taiwan and the US currently fall short. When combined with other Chinese drone companies, that share goes up to well above 80%, it said. AdvertisementThis method would be vital for tracking and disabling some of the smaller drones China might use in an attack on Taiwan, said Pettyjohn. Advertisement"Currently the US and Taiwan do not have sufficient air defenses and CUAS [counter drone] systems to deal with the Chinese drone threat," she said.

Persons: —, it's, China's, Adm, Samuel Paparo, Paparo, Stacie Pettyjohn, Xi Jinping, he'd, Zak Kallenborn, Ercin, Teng Yun, Pettyjohn, Weeks, John Aquilino, Sean Gallup, Kallenborn, We've Organizations: Service, Pacific Command, Washington, People's Liberation Army, Center, New, New American Security, Anadolu Agency, Getty, Financial Times, The New York Times, US Army, Armed Services Committee, Institute for Economics, Peace Locations: China, Taiwan, Taiwan Strait, New American, US, Ukrainian, Philadelphia, Ukraine, United States, Pettyjohn

☆ China wants Taiwan to make mistakes and is looking for excuses to trigger a blockade, Taiwan's navy commander says
▼ + stars: | 2024-10-04 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +4 min

China has ramped up its military presence around Taiwan, the country's navy commander said. Adm. Tang Hua told The Economist that China wants it to make a mistake so it can justify a blockade. AdvertisementChina is trying to force Taiwan into making mistakes and is looking for excuses to trigger a blockade, according to Taiwan's navy commander. Adm. Tang Hua told The Economist that China is "slowly, but surely" ramping up its military presence around Taiwan and is ready to blockade Taiwan "at any time they want." "The PLA is trying to force Taiwan to make mistakes," he said, using the acronym for China's People's Liberation Army.

Persons: . Tang Hua, —, Adm . Tang Hua, Tang, Phil Davidson, Wellington Koo, Xi Jinping Organizations: Economist, China, Service, PLA, People's Liberation Army, American Enterprise Institute, Institute for, Institute for Economics, Peace, Lieber Institute for Law, Warfare, Financial Times Locations: China, Taiwan, Point, People's Republic of China

☆ The Fed is following its 1995 playbook — and that's great news for stocks and the economy
▼ + stars: | 2024-09-19 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

The Fed looks like it's following the same path it did in 1995, according to TS Lombard. It's also great news for stocks, as the S&P 500 more than doubled in value that decade. AdvertisementThe Fed is following a 30-year-old playbook with its interest rate moves — and that's good news for the US economy, according to TS Lombard. Stocks soared a day after the big rate cut. Despite wobbling in the hours after the Fed's rate move, the major indexes hit fresh records in Thursday trades.

Persons: It's, —, Dario Perkins, Perkins, Stocks Organizations: TS Lombard, Service, Fed, American Institute for Economic Research, Cleveland Fed

☆ What buying Commerzbank would mean for UniCredit — and the banking sector
▼ + stars: | 2024-09-19 | by ( April Roach | ) www.cnbc.com time to read: +7 min

Last week, UniCredit announced it had taken a 9% stake in Commerzbank, confirming that half of this shareholding was acquired from the government. Commerzbank shares jumped 20% on the day UniCredit's stake was announced. A cross-border styled merger between UniCredit and Commerzbank would be more preferential than a domestic merger between Deutsche Bank and Commerzbank, according to Reint Gropp, president of the Hall Institute for Economic Research. "The German banking structure is long overdue for a consolidation process. The German bank also has less excess capital than UniCredit and therefore "cannot really afford" a takeover, Alloatti said.

Persons: Kirill Kudryavtsev, UniCredit, Andrea Orcel, Commerzbank, Orcel, Ignacio Cerezo, Berenberg, David Benamou, Benamou, CNBC's, Arnaud Journois, Journois, Emmanuel Macron, Reint Gropp, Gropp, Filippo Alloatti, Hermes, Alloatti, We've Organizations: Afp, Getty, Bloomberg, Reuters, UniCredit, Wednesday, UBS, Investments, European, Morningstar, Commerzbank, Analysts, CNBC, Deutsche Bank, Hall Institute for Economic Research, Will Deutsche Bank, ABN Amro Locations: Frankfurt, Germany, Commerzbank, Berlin, Italian, U.S, Europe, UniCredit, Italy

☆ US employers have good reasons not to hire more workers now
▼ + stars: | 2024-09-08 | by ( Bryan Mena | Elisabeth Buchwald | ) edition.cnn.com time to read: +5 min

That’s because employers might be putting some of their hiring plans on hold — and for good reason. Businesses consider many factors when deciding to hire, but across a wide spectrum of industries, the economic outlook carries always great deal of weight. Both those factors are prompting employers to think twice about hiring more workers now, according to economists and recent comments from businesses around the country. But she’s proposing raising the corporate tax rate to 28%. So when interest rates are as elevated as they are right now, monthly debt payments could be too costly for many firms.

Persons: there’s, ” Kathy Bostjancic, Reserve Banks, Kamala Harris, Donald Trump, Trump, Harris, ”, Sean Snaith, Julia Pollak, ZipRecruiter’s, ” Pollak, “ It’s, Pollak Organizations: CNN, Labor Department, Federal Reserve, Nationwide, “, Reserve, Trump, America, Economic, of New, Institute for Economic, University of Central, Fed, Treasury Locations: China, of New York, University of Central Florida

☆ China's bond market is rattled as central bank squares off with bond bulls
▼ + stars: | 2024-08-12 | by ( ) www.cnbc.com time to read: +4 min

A "Buy Treasury bonds" poster is seen at a bank in Haian, East China's Jiangsu province, Aug 1, 2024. "We remain actively bullish," said a bond fund manager, undeterred by unprecedented government moves to cool the sizzling treasury market and arrest a plunge in yields, which move inversely to prices. Falling yields also complicate the People's Bank of China's (PBOC) efforts to stabilize the weakening yuan. Unlike the West, "China's financial markets, including the bond market, are subject to top-down regulation," said Ryan Yonk, economist with the American Institute for Economic Research. Late on Friday, the central bank said it will gradually increase the purchase and sale of treasury bonds in its open market operations.

Persons: Wang Hongfei, Ryan Yonk, Pan Gongsheng, Kiyong Seong, Tan Yiming Organizations: Bank of China's, American Institute for Economic Research, Societe Generale, Minsheng Securities Locations: Haian, East China's Jiangsu, Beijing, Shanghai, China, Asia

More than in any other foreign arena, Vance has sought to echo Trump on the Ukraine war. In doing so, he emphasized the thick vein of “scarcity politics” that runs through his foreign policy, arguing that the U.S. can’t equip Ukraine with enough materiel to hold back an opponent as vast as Russia. Vance described Ukraine ceding territory to Vladimir Putin as being in “America’s best interest” while appearing more supportive than Trump of remaining in NATO. The foreign policy views of Pence, vice president when Trump was in office, while not loved by everyone, were at least “mature” — they were informed by several terms experiencing the consequences of foreign policy becoming reality, according to Daniel Kurtzer, a former U.S. ambassador to Israel and now a professor at Princeton. Vance, on the other hand, brings “no foreign policy experience, certainly no expertise,” Kurtzer says, and he will fall in behind his boss when needed.

Persons: JD Vance, Donald Trump, ”, “, Vance, Clayton Allen, —, Anna Moneymaker, Trump, Bronwen Maddox, “ He’s, ” Allen, Biden, Vladimir Putin, Chatham House’s Maddox, Joe Biden, ” Vance, Patrick Baz, doesn’t, William Ruger, Israel, — Trump, Jair Bolsonaro, Viktor Orban, ” Trump, Stephen Maturen, Vance “, Dick, Cheney ”, George W, Allen, Hitler, Mike Pence, Pence, Daniel Kurtzer, ” Kurtzer, Benjamin Netanyahu, Charles Hollis, Hollis, Trump’s, ’ ”, Maddox, Grover Cleveland Organizations: Marines, Yale Law School, Gaza, Ohio, GOP, Eurasia Group, Republican Party, NATO, Republican National Convention, Democrat, Republicans, NAFTA, China, Getty, American Institute for Economic Research, Kremlin, Bloomberg, Trump, Princeton, United, Aperio Intelligence Locations: Iraq, U.S, Ukraine, Sierra Vista, London, Kyiv, Russia, lockstep, Europe, Mexico, Baghdad’s, Owerij, Ohio, Pennsylvania, Michigan, Great Barrington , Massachusetts, Ukrainian, Taiwan, “, St Cloud, Minn, Israel, China, Gaza, Saudi Arabia, Iran, United States, Montezuma, Canada

☆ The number of Gen Zers who aren't in work or school is rising. Here's how to tackle it, according to experts.
▼ + stars: | 2024-07-02 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +8 min

Read previewA growing number of young people globally are struggling to stay in work or school. "They are searching for places where they can be true to themselves, where mental health is not looked down upon but helped, and where working sometimes from home or a coffee shop is possible." AdvertisementRather than jump on the first opportunities that come along, voluntary NEETs are holding back for the right job. Better guidanceOther career experts agreed that development should start early so students understand the variety of different paths available to them. Experts remain divided over how to address the rise in NEETs, in part because no solution would work for all.

Persons: —, Louis, there's, Sen, Tim Kaine, who's, Nezih Allioglu, Michaela Wright, Friederike Fabritius, Fabritius, Fabritus, Kleeman Organizations: Service, International Labour Organization, Louis Federal Reserve's Institute for Economic Equity, Business, European Commission, Young Enterprise, Governance Association, New Workforce, Prince's, Labour Force Survey, Sustainability, HSBC UK, Google, Deloitte, WSJ Locations: NEETs, NEETS

☆ We could see a rate cut later this summer on the basis of weakening employment: AIER's Peter Earle
▼ + stars: | 2024-06-20 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe could see a rate cut later this summer on the basis of weakening employment: AIER's Peter EarlePeter Earle, American Institute for Economic Research senior economist, and Brendan Duke, Center for American Progress senior director for economic policy and former White House National Economic Council senior policy adviser, join 'Squawk Box' to discuss the state of the economy, the Fed's inflation fight, rate path outlook, and more.

Persons: AIER's Peter Earle Peter Earle, Brendan Duke Organizations: American Institute for Economic Research, Center, American Progress, White, National Economic Council

☆ Gen Z and millennial NEETS are on the rise — many say they'd rather do nothing than be unhappy at work
▼ + stars: | 2024-06-20 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +7 min

Many NEETs are listless, struggling through tough economic times, living off loans, and losing hope of retirement or buying a house. Voluntarily idleSome Gen Zers struggle to find a job or stay in work or education, earning the nickname "disconnected youth." But some Zoomer and millennial NEETs are happy to wait out unemployment for the right career path. Advertisement"It reveals how much shame in guilt is built into our every day lives," Pitcher told BI of being a NEET. This gives him faith that things will be OK, he told BI.

Persons: —, Zers, Louis, Morgan Pitcher, Pitcher, Leonie, Lukas, James Watts, Gen Zers, Watts, Laurie Cure, Darrin Murriner, Murriner Organizations: Service, International Labour Organization, Business, Gallup, St, Louis Federal Reserve's Institute for Economic Equity Locations: Vancouver

☆ 'Win-win-win': Three-day hybrid work week is a success, largest study to date published in Nature says
▼ + stars: | 2024-06-14 | by ( Kaya Ginsky | ) www.cnbc.com time to read: +6 min

The three-day in-office hybrid work schedule is a "win-win-win," according to a study published in the prestigious science journal Nature. Non-manager attrition for hybrid employees had a 2.4% rate, a one-third reduction from the control group of 7.2%. When managers measured employees in nine categories of performance, execution and results, hybrid employees succeeded at the same rate. By the end of the experiment, managers positively viewed hybrid work as a potential asset to the company rather than a detriment to productivity. From an economic policymaking standpoint, hybrid work is one of the few instances where there aren't major trade-offs with clear winners and clear losers.

Persons: Nick Bloom, Bloom, Ruobing Han, James Liang, Trip.com, JPMorgan Chase, Jamie Dimon, Mark Zuckerberg Organizations: Stanford's Institute for Economic, Boeing, UPS, Nike, JPMorgan, University of Pittsburgh Locations: Shanghai, U.S

☆ Pressure grows on Germany's Scholz after election drubbing by the far right
▼ + stars: | 2024-06-10 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +4 min

The SPD lost support from the 2019 election, winning just 13.9% of the latest votes. Incremental gains meanwhile turned Germany's opposition, the CDU (Christian democrats), into the strongest party, with 23.7% of support. At a national level, the AfD was last ahead of the SPD and in second place overall, according to a leading general election poll. Earlier this year, one of Krah's employees who was based in the European Parliament was arrested for allegedly spying on the parliament for China. watch nowThe AfD's second-in-line for the European Parliament, Petr Bystron, faced allegations of bribery and money laundering, which were linked to Russia and to spreading pro-Kremlin propaganda.

Persons: Olaf Scholz, Koenig Heinrich, Ying Tang, Maximilian Krah, Krah, Petr Bystron, What's, Scholz, Marcel Fratzscher, Scholz's, Emmanuel Macron, Fratzscher, Holger Schmieding Organizations: SPD, Union, Scholz's SPD, Greens, CDU, Nazi regime's SS, Parliament, ZDF, German Institute for Economic Research, CNBC, Deutsche Bank Locations: Duisburg, Germany, France's Rassemblement, China, Russia

☆ EU election 'results in Germany destabilize the already unstable coalition': Fratzscher
▼ + stars: | 2024-06-10 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEU election 'results in Germany destabilize the already unstable coalition': FratzscherMarcel Fratzscher, the president of the German Institute for Economic Research, speaks to CNBC's Annette Weisbach following the EU election result.

Persons: Fratzscher Marcel Fratzscher, CNBC's Annette Weisbach Organizations: EU, German Institute for Economic Research Locations: Germany

☆ Recent college grads are doing shockingly well. Can it last?
▼ + stars: | 2024-05-14 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

And recent grads aren’t just finding any job, they’re finding good jobs. Not all is well: The EPI study found that racial and gender wage gaps still remain large among recent grads. GameStop shares tripped multiple circuit breakers — a temporary and mandated halt in trading to let investors cool off for a bit. Robinhood denied claims on social media on Monday that it had once again halted GameStop stock purchases on its platform. Robinhood has not shut down the purchase of Gamestop shares,” Robinhood spokesperson Anupriya Ghate said in a statement to CNN.

Persons: it’s, —, Katherine deCourcy, Elise Gould, “, Z, Z’ers, Krystal Hur, Keith Gill, Roaring Kitty, Gill, Robinhood, ”, Anupriya Ghate, ” Shein, Shein, CNN Shein Organizations: CNN Business, Bell, New York CNN, Economic Policy Institute, Stanford Institute for Economic Policy Research, Employers, GameStop, AMC, Partners, AMC Entertainment, Gamestop, CNN, Workers, Public, Public Eye Locations: New York, Black, Swiss, Guangzhou, China

☆ Experts react to April’s PPI report
▼ + stars: | 2024-05-14 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailExperts react to April’s PPI reportPeter Earle, senior economist at the American Institute for Economic Research; Kitty Richards, senior fellow at Groundwork Collaborative; and CNBC's Rick Santelli join 'Squawk Box' to react to April's PPI data.

Persons: Peter Earle, Kitty Richards, Rick Santelli Organizations: PPI, American Institute for Economic Research

☆ Don't believe these money misconceptions: 3 things to know that can help improve your finances
▼ + stars: | 2024-04-25 | by ( Sharon Epperson | In Sharoneppersoncnbc | ) www.cnbc.com time to read: +4 min

Part of the problem: People continue to believe common misconceptions about managing and investing their money. When it comes to your retirement savings, target-date funds can be another smart option. Young couple managing finance and investment online, analyzing stock market trades with mobile app on laptop and smartphone. "People feel like, I can get a higher return with no risk … but basically, a higher return is always a reward for higher risk." There's almost no risk to money in federally insured deposit accounts, unlike investments that are subject to the daily changes in the stock, which can result in much higher risk.

Persons: Witthaya, Annamaria Lusardi, Paul Yakoboski, Young, Lusardi, There's Organizations: TIAA, Global Financial, Stanford Institute for Economic Policy Research, TIAA Institute, Target, CNBC, Financial Wellness, Board Locations: U.S

☆ 10-year Treasury yield holds above 4.6% as investors weigh interest rate outlook
▼ + stars: | 2024-04-16 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

ET, the yield on the 10-year Treasury was up by nearly 2 basis point to 4.6344%, trading at levels last seen in mid-November of 2023. The 2-year Treasury yield was last trading at 4.947% after rising by less than one basis point. U.S. Treasury yields were little changed on Tuesday as investors considered the latest economic data and comments from Federal Reserve policymakers. Investors weighed the path ahead for interest rates as they considered the latest economic data and comments from Federal Reserve officials. Meanwhile, San Francisco Federal Reserve Bank President Mary Daly said there was "no urgency" for the Fed to cut interest rates.

Persons: Mary Daly Organizations: Treasury, Federal Reserve, Investors, San Francisco Federal Reserve Bank, Fed, Stanford Institute for Economic Policy Research Locations: Israel

☆ The 'sandwich generation' faces pressure as the world ages — here are 3 tips to prevent burnout
▼ + stars: | 2024-04-09 | by ( Ernestine Siu | In Ernestinesiu | ) www.cnbc.com time to read: +5 min

"There's this tendency in the welfare state to sort of outsource the elderly care," Jan-Emmanuel De Neve, director of the Wellbeing Research Centre at Oxford University told CNBC Make It. Although home-care for the elderly improves their wellbeing, it can also place pressure on younger generations. The so-called sandwich generation refers to middle-aged people who have elderly parents to care for, as well as their own children who are still dependent on them. The younger generations have to support their elderly parents or grandparents. "This would entail defining one's family value system, setting out personal goals, life aspirations, allocating and committing personal resources," Wong suggested.

Persons: Momo, John Wong, Jan, Emmanuel De Neve, Wong, Jialu Streeter, boomers, Streeter Organizations: WHO, Getty, National University of Singapore's, Science, CNBC, World Health Organization, United Nations, Economic, Oxford University, Loo Lin, of Medicine, NUS, Stanford Institute for Economic, Pew Research, Stanford Institute for Economic Policy Research Locations: Hong Kong, South Korea, Japan

In particular, the researchers looked at a group dubbed "disconnected youth," who aren't working and are also not in school. As of 2022, disconnected youth comprised 13% of this age group; that share has been rising overall since 1998, according to calculations from the Federal Reserve Bank of Dallas. AdvertisementYounger Americans are facing stagnant incomesThe Dallas Fed found that, even after a post-pandemic dip, the rate of disconnected youth has increased since the end of the 1990s. AdvertisementAnd the number of young adults with no income has been on the rise; in 1990, around one in five young adults said they had no wage or salary income. Are you or were you a "disconnected youth," or supporting one?

Persons: —, Louis, Gen, Zers, Louis Fed's, Louis Fed, William M, Rodgers III, Rodgers Organizations: Service, Louis Federal Reserve's Institute for Economic Equity, Business, Federal Reserve Bank of Dallas, Dallas Fed, Federal Reserve's Survey, Consumer, Louis Fed, National Health, Blacks, Louis, Louis Fed's Institute for Economic Equity

☆ Tuition now costs a whopping $90,000 a year or more at some US universities
▼ + stars: | 2024-04-01 | by ( Madeline Berg | ) www.businessinsider.com time to read: +4 min

Some American universities estimate their total cost of attendance will exceed $90,000 next year. Tuition and fees at universities have continued to climb, even when adjusted for inflation. The result may be a generation of students wondering if college is worth it. AdvertisementThe price of getting a degree has continued to climb at American universities, with the cost of some schools reaching a new threshold. Out-of-state and in-state tuition and fees at public universities have risen by about 38% and 56%, adjusted for inflation, over the same period.

Persons: —, Gen, Ana Hernández Kent, Louis Organizations: Service, New York University, Tufts, University of Pennsylvania, Yale, NYU, Board, U.S . News, for Higher, of Education, Universities, Institute for Higher Education, Institute for Economic Equity, Federal Reserve Bank of St Locations: U.S

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