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Fortesa Latifi
16 May 2022, 23:20
I took out $20,000 in student loans and now owe $50,000. I don't mind paying back, but the system is broken.
"We do everything society tells us," nonprofit head Kristin McGuire said. "But we enter the workforce, hit a glass ceiling, and are burdened by debt."
Juliana Kaplan
16 May 2022, 22:40
Some Millennials and Gen Z have hit an 'apocalyptic' phase in which they don't see the point in saving for the future
Some younger workers aren't betting on the future. Instead, they're spending on right now.
Tim Paradis,Josée Rose
16 May 2022, 22:26
PwC Chair says the 'war for talent' could last another decade. Why he's never seen a more challenging time for CEOs.
PwC Chair Tim Ryan expects corporate M&A will stay strong, 2022 earnings will be solid, and that a war for talent could last another decade.
Joseph Zeballos-Roig
16 May 2022, 21:11
The White House fires back at Jeff Bezos, saying it 'doesn't require a huge leap' to understand why he opposed an economic agenda that taxes the superrich
Bezos lambasted the White House for pushing a plan he said would worsen inflation. He added that Manchin "saved them from themselves."
Ayelet Sheffey
16 May 2022, 20:40
Donald Trump Jr. says Biden's student-loan forgiveness plans will force workers who didn't go 'to college to get drunk for four years' to pay for 'worthless gender study degrees'
Biden wants to "bail out a bunch of upper-middle-class kids" by canceling student debt, Donald Trump Jr. told The Washington Post.
Matt Turner,Jordan Parker Erb
15 May 2022, 18:24
The 'Great Resignation' may be here to stay
In Insider Weekly: The Great Resignation could last forever, employees describe Thomas Kurian's leadership, and advice for YC applicants.
Ben Winck
15 May 2022, 18:24
The next recession will be mini compared to the last 2 — and feel completely different
"The type of recession we're looking at is not like a serious, massive downturn in consumer spending across the board," one economist told Insider.
Juliana Kaplan
15 May 2022, 16:44
The year workers said 'no'
In the thick of the pandemic, workers were left to fend for themselves. Now they've learned how to demand more from their employers.
Juliana Kaplan
14 May 2022, 18:44
The rich are getting poorer
The rich are still very rich. But a Bloomberg report finds that they've lost about $1 trillion this year already.
Paul Constant
14 May 2022, 18:21
3 policies in Biden's 2023 budget proposal that will restrict corporate power and benefit workers
The Roosevelt Institute's Nick Lusiani says restrictions on stock buybacks and tax increases on the .01% will aid economic growth from the middle out.
Alcynna Lloyd,Dan Latu
14 May 2022, 18:20
Meet the 'last-resort' mortgage lenders rising from the ashes of the financial crisis to help underqualified borrowers buy a home
"There are more self-employed business owners since the onset of the pandemic, and their needs are not easily met by traditional loans," an exec said.
Ayelet Sheffey
14 May 2022, 03:14
3 Democratic senators reportedly want Biden to hold off on student-debt cancellation so they can push him to go big
Elizabeth Warren, Raphael Warnock, and Chuck Schumer want to persuade Biden to go as far as possible with student-loan forgiveness, per Politico.
Dominick Reuter,Jason Lalljee
13 May 2022, 23:20
Congress is investigating the baby formula shortage and demanding answers from the 4 companies who control almost 90% of the market
Reps. Carolyn Maloney and Raja Krishnamoorthi said the shortages pose "a threat to the health and economic security of infants and families."
Juliana Kaplan,Ben Winck,Andy Kiersz
13 May 2022, 22:46
Americans haven't hated the economy this much since the sloth-like recovery from the Great Recession
The jobs recovery is nearly finished, spending is at record highs, and wages are booming. But inflation has Americans feeling positively bleak.
Grace Kay
13 May 2022, 22:19
A bill that would set gas price limits and prevent 'exploitative' cost hikes is headed for a House vote
The legislation would enable President Joe Biden to make it illegal to increase gas and home energy prices amid surging costs.
Ayelet Sheffey
13 May 2022, 21:25
'Chronically struggling' student-loan borrowers need more than a payment pause that postpones 'a day of reckoning,' a Philly Fed survey says
The Philadelphia Fed found that pausing student-loan payments isn't much help to struggling borrowers.
Jason Lalljee
13 May 2022, 21:09
Jeff Bezos and Alexis Ohanian, are pouring $35 million into NYC's childcare crisis
As the whole country suffers from a lack of affordable childcare, the state of New York has pledged $7 billion toward fixing the problem.
Joseph Zeballos-Roig,Jason Lalljee,Dominick Reuter
13 May 2022, 03:26
Biden is taking steps to address the worsening baby formula shortage — but it could be months before shelves are fully restocked
The White House is working with retailers and manufacturers to boost baby formula supply as shortages continue to get worse.
Ben Winck,Madison Hoff
13 May 2022, 02:46
Americans are traveling like it's 2019 — as airline tickets get more and more expensive
Airline fares soared 18.6% in April alone, marking the largest one-month jump since at least 1963 and counting for a quarter of the month's inflation.
Ayelet Sheffey,Juliana Kaplan
13 May 2022, 01:39
The largest labor federation in the country calls on Biden to cancel student debt: 'We cannot ask working people to make further sacrifices'
"Now is the time to cancel, not collect, student debt," AFL-CIO's president Liz Shuler said. She's the latest advocate pushing for loan forgiveness.
Juliana Kaplan,Joseph Zeballos-Roig
13 May 2022, 00:25
Lindsey Graham says most Democrats would 'jump out the window' if they had to vote on Medicare for All
Graham urged Sanders to hold a vote on his signature policy idea, betting Democrats would splinter on single-payer healthcare.
Ben Winck,Madison Hoff
12 May 2022, 22:40
It's finally a better time to buy a used car
Used car and truck prices have fallen for the last three months, ending a streak of historic price hikes and offering buyers the first sign of relief.
Ayelet Sheffey
12 May 2022, 21:41
A Democratic senator with student debt says his party 'spends a little bit too much time' on loan forgiveness without addressing the cost of a degree
"I'm one of the few members of the Senate that still has student debt," Sen. Chris Murphy said on Fox News Sunday. "I don't need my debt forgiven."
Ben Winck
12 May 2022, 19:46
Here's why gas is more expensive than ever even though oil prices are down
Crude oil supply has rebounded, but Americans aren't feeling it at the pump. That's because refiners are charging record prices to turn oil into gas.
Juliana Kaplan
12 May 2022, 01:41
President Biden says Amazon union organizer Christian Smalls is his 'kind of trouble' and 'let's not stop'
"I like you, you're my kind of trouble," President Biden told Christian Smalls, the creator of the Amazon's union.
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