Tag: Federal Reserve Bank

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Delayed Economic Vitality

As the Class of 2020 commences, into what economic state do they commence? As reported by Courtney Weaver in the Financial Times on May 28, 2020: With US unemployment at its highest level since the second world war and the country still grappling with the economic fallout of coronavirus, university graduates are watching start dates …

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A prosperous evolution

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Awoken at 6:46 am on the Saturday after the 4th of July, through groggy consciousness, I registered the staccato sounds of a teenage texter. I recalled that The College Board released the 2019 AP (Advanced Placement) Exam scores (at least in California) on that fine morning. His texts were the first of many I received …

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Middle Class Wealth Erosion Set to Continue

The above chart depicts that the wealthiest and upper middle class have not only regained their wealth previous to the 2008 recession, but gained greater wealth, at the expense of the middle class and poorest classes. And, now, middle class and poorer families are facing an even greater economic downturn that has yet to be …

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More Economic Difficulties for Gen Z and Millennials

Graph courtesy of The Wall Street Journal Current college students, many who find themselves at home though would rather be finishing their school year on college campuses around the country, will be confronting along with their older colleagues who graduated college in 2019, 2018, a possibly more complicated problem that of protracted unemployment. In addition, …

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The State of A College Education: How Golden Is The Golden Ticket? Part 3

In Parts 1 and 2, sentiment amongst college students and prospective college students may already be declining, which could be exacerbated even further, as we weather the current global pandemic with closed college campuses and students dispersed to their childhood homes. Additionally, the last of the Millennials are now college graduates, but experiencing a current …

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Why a College Degree May Not Be a Guarantee of “Wealth” and Prosperity

  Hat Tip: Whatever It Takes to Never Give Up, Doug Noland   Related PostsBeware of the Pitfalls Inherent in Online College Applications College Admissions Is Not a Race College Transportation Blues?

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College Degree = Value, Right?

Financial security, or the promise of lifetime employment, is often a reason for choosing to attend college.  However, recent income and employment trends may give college-bound students pause to further contemplate their expectations of job security with a college degree. 44% of today’s college graduates are underemployed, meaning they don’t need a college degree for …

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More 25 Year Olds Have Student Debt…And At Higher Average Amounts

As seen in the chart below, the red line indicates that the portion of 25-year olds with student debt has grown from 25% in 2003 to 43% in 2012–meaning an increasing portion of young adults are choosing to “bring forward” expected future earnings to pay for a college degree. Furthermore, the black line on the chart …