Meet the 1990 and 1991 babies, a massive microgeneration in lifelong competition for America’s economic resources, reshaping the world around them.
Category: Credit and Debt
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China’s Country Garden Faces Winding Up Petition In Hong Kong
Country Garden was once China’s biggest developer but ran out of money. A lender is taking it to court in Hong Kong, a sign of continuing market distress.
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Looking for a Lower Credit Card Interest Rate? Good Luck.
Comparison sites often emphasize the big banks’ offerings even though smaller banks and credit unions typically charge significantly less.
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A Mortgage After 65: A ‘No Brainer’ or a Big Risk?
Fueled by once-low rates, more older Americans have mortgage debt, according to new research. But the downsides can be significant, some experts say.
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‘Zombie Offices’ Spell Trouble for Some Banks
Bank tremors serve as a reminder: Just because a crisis hasn’t hit immediately doesn’t mean commercial real estate pain isn’t coming.
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Why Cut Rates in an Economy This Strong? A Big Question Confronts the Fed.
The central bank is widely expected to lower interest rates this year. But with growth and consumer spending chugging along, explaining it may take some work.
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After China Evergrande, Real Estate Crisis ‘Has Not Touched Bottom’
The forced liquidation of China Evergrande epitomizes the sector’s struggles: Nationwide, sales are down and millions of homes have been paid for but not delivered.
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More Tenants Can Now Add Rent Payments to Their Credit Score
Policymakers view the reporting of an on-time pattern as a way to reduce disparities in homeownership.
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U.S. Economy Grew at 3.3% Rate in Latest Quarter
The increase in gross domestic product, while slower than in the previous period, showed the resilience of the recovery from the pandemic’s upheaval.
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War Has Already Hurt the Economies of Israel’s Nearest Neighbors
The impact on global growth of the Middle East violence has so far been contained. That’s not the case for Egypt, Lebanon and Jordan, which were already struggling.
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Lugging Credit Card Debt Into 2024? Now’s the Time to Make a Plan
Most Americans with card debt have not outlined a way to bring it down, a new report says. There are ways to get help.