A protestor holds a sign reading “64 years is a no” during a May Day (Labor Day) demonstration in Lille, France, on May 1, 2023, more than a month after the government pushed an unpopular pensions reform act through parliament. Sameer Al-doumy | Afp | Getty Images French citizens have taken to the streets to
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Bryan Allen | Getty Images The threat of a recession has weighed heavily on many investors’ minds amid higher interest rates, banking turmoil and layoffs. But you should still try to avoid reactive investing moves, according to financial advisors. Public pessimism about the economy recently notched a new high, according to a recent CNBC survey.
Economists have been forecasting a recession for months, and that looming downturn is one of the most anticipated in U.S. history. But it’s not yet materialized, in part due to strong consumer spending. “Consumer spending represents more than half of the economy,” said Curt Long, chief economist at the National Association of Federally-Insured Credit Unions.
Sunrise at Laguna Torre in Patagonia, Argentina. © Marco Bottigelli | Moment | Getty Images Travel in 2023 has been expensive. Indeed, some prices — like those for international flights — have hit record highs. Americans are unleashing their wanderlust en masse after a few years of pandemic-era trip delays, making for a busy —
Kevin Dodge | The Image Bank | Getty Images College is one of the biggest purchases you’ll make in a lifetime, yet few families have a solid plan for how to pay for it. Most often, parents are on the hook for the bill, according to Sallie Mae’s annual How America Pays for College report. For
A shopper in Greenville, New York, on April 30, 2023. Robert Nickelsberg | Getty Images News | Getty Images Inflation in April notched its lowest reading in two years, as price pressures for consumers continue to moderate from multi-decade highs and costs for household staples appear to be in retreat. The consumer price index, a
Bernardbodo | Istock | Getty Images New government data shows inflation is cooling, and that means Social Security beneficiaries will likely see a lower cost-of-living adjustment next year. The Social Security cost-of-living adjustment for 2024 could be 3.1%, according to a new estimate from The Senior Citizens League. That’s well below the 8.7% increase to
Ja’crispy | Istock | Getty Images As the president of the National Bureau of Economic Research and a member on the Business Cycle Dating Committee, James Poterba helps determine when a recession officially starts and ends. Why is that important? What do those dates tell us? When the NBER was founded in 1920, its economists
New college grads negotiating their first salary may be in for a rude awakening. In the midst of a historically strong job market, characterized by low unemployment, rising wages and a high degree of job-seeker confidence, those armed with a degree are feeling relatively good about their earning potential. In fact, today’s undergraduates expect to make $84,855
Halfpoint | Istock | Getty Images As of the latest tally, 1.4 million more Americans have dropped out of college — although some “stopouts” may reenroll if the Supreme Court affirms President Joe Biden’s student loan forgiveness plan and their education debt is forgiven, a new report shows. Overall, college enrollment declines have begun to