Why student debt may be slowing down a generation of homeowners

New Federal Reserve research says student loan debt is hurting the housing market.
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In New York City, getting rid of joyless junk can be complicated and costly

Feb 14, 2019
It's the urban underbelly of the Marie Kondo effect.
Manhattan’s Salvation Army on 46th Street has 20 trucks to pick up donations and two additional dump trucks to haul away unsalable items.
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Auto loan delinquencies rise for younger drivers

Feb 14, 2019
New car sales have been high for the past few years, and that means there are a lot more car loans out there. There are a lot more delinquent ones, too. According to a report from the New York Federal Reserve, 7 million borrowers are at least 90 days late on their payments, the highest […]
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Congress moves ahead with deal to avoid shutdown

Feb 14, 2019
President Trump says he will sign the spending bill, and declare a “national emergency” to build a border wall.
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Could the latest government jobs data show the economy is slowing?

Feb 12, 2019
The Job Openings and Labor Turnover Survey — aka JOLTS — may be pointing to a downturn. Today's report should tell us more.
The Job Openings and Labor Turnover Survey — aka JOLTS — may be pointing to a downturn. Today's report should tell us more.
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Why are auto insurance premiums growing more slowly in California than elsewhere?

Feb 12, 2019
Want to save money on your car insurance? Forget about lizards, ducks or talking boxes, according to a new study from the Consumer Federation of America, and push for better regulation. The consumer advocacy group says that’s the way rates have been brought under control in California, where premiums have grown less than a quarter as […]
A new report by the Consumer Federation America suggests it's due to strict regulations.
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Living through the economic crisis in Venezuela

Feb 11, 2019
For lawyer Juan Carlos Senior, the crisis has meant consumer prices he just can afford.
"Hyperinflation is destroying everything," says Juan Carlos Senior, a lawyer in Caracas, Venezuela.
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For public good, not for profit.

What to know before you check your Zestimate (again)

Feb 11, 2019
It's tempting to track home values like the stock market. But how accurate are those online estimates?
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Consumers are still confident in the economy, if their borrowing is any indication

Feb 8, 2019
A turbulent stock market, rising interest rates and the government shutdown didn’t do much to curb borrowing. Americans continued putting more money on their credit cards and taking out more loans for school and autos in December. Consumer credit grew 5 percent, up $17 billion, according to the latest monthly report from the Federal Reserve. […]
People have been spending more on their credit cards, and some are using buy-now, pay-later services, says Andrew Davidson with Comperemedia.
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2 weeks after the shutdown ended, many federal employees still wait for pay

Feb 8, 2019
The partial government shutdown ended two weeks ago, but thousands of workers still haven’t received their back pay. Restarting an organization as immense as the federal government after an extended shutdown takes time and can be fraught with unexpected delays. Federal payroll processing has been delayed by email backlogs, software glitches and an overwhelming number […]
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