Economy

Sales of previously-owned homes tumbled to an annual rate of 4.81 million units, the National Association of Realtors said Thursday.

Biden wants to give student-loan borrowers in default a "fresh start" on their payments. GOP Rep. Virginia Foxx said it's "a terrible gamble."

Documents obtained by The Washington Post found Biden's "fresh start" plan for defaulted student-loan borrowers will not include automatic enrollment.

Households are pivoting from buying up goods to spending big on services. The transition is keeping the recovery alive, but it comes with some risks.

The department is seeking to recoup costs from DeVry over student-loan discharges for fraud. The school said it does not "agree with the conclusions."

Insider looked at just how many households may be considered middle class in each state and DC based on household income data.

While Democrats' lauded the student-loan plans, GOP lawmakers said they are "extremely disappointed" the public only had 30 days to submit comments.

Malcolm Gladwell and the CEO of Whole Foods have made bold statements about Gen Z work habits in recent days — and it shows they don't understand.

As buyer demand fades on rising costs, homeownership has become more attainable for those who can still afford a home purchase.

208,000 student-loan borrowers who attended ITT Tech got their debt balances canceled, along with some defrauded by Kaplan Career Institute.

Education Sec. Miguel Cardona said he is "having conversations daily with the White House" on the student-loan payment pause that's expiring Aug. 31.

As inflation and interest rate hikes weigh on Americans, renters and buyers are having a more difficult time affording housing.

Just 8% of Americans moved in 2021 — the lowest rate since at least 1948. The high costs of housing and childcare are a big reason why.

Corporate recruiter is the top-rated job by Gen Z, according to a Glassdoor report. Realtor is the top-rated job by millennials.

Biden has not given an update on whether student-loan payments will resume, but Navient's CEO said an extension is likely during a July earnings call.

The inflationary gap between restaurants and grocery stores hasn't been this large since the 1970s. Restaurant chains say that coupon cutting is up.

Lawmakers including Elizabeth Warren and Chuck Schumer urged the department to "provide as much relief as possible" to student-loan borrowers.

The University of Michigan's Consumer Sentiment Index hit a three-month high in early August as tumbling gas prices boosted Americans' economic moods.

Jamie Dimon told clients he estimated a 20% to 30% chance of a "harder recession" and a 20% to 30% chance of "something worse," Yahoo reported.

Some doctors and lawyers have $1 million or more in student-loan debt. Here's how they get buried in loans they can't repay despite high salaries.

The real estate market is cooling off, but home prices remain high due to a lack of inventory.

Manchin signed onto the largest climate bill that Congress ever put together after blocking the Democratic agenda for months.