As millennials become parents, unprecedented student loan burdens are making it hard for them to give their children the same educational opportunities they enjoyed. Six out of 10 parents are saving for college, setting aside an average of $18,135, according to a national study by Sallie Mae, a student loan […]
The Bureau of Economic Analysis will release its March report for Personal Incomes and Outlays on Monday. This release follows a mishmash in February of slow income growth and a lower than expected rebound in consumer spending. Here are five things to look for. 1. Strength of Q2 This report […]
Personal spending saw a slight uptick in January, while personal income growth rebounded moderately, showing signs of a cooling economy. The report released by the Commerce Department on Friday showed consumer spending, edged up 0.1 percent in January – far below economists’ projections, who had predicted a gain of 0.3 percent. […]
Personal income growth saw a rise in December, with an unexpected drop in January. The report released by the Commerce Department on Friday showed personal income fell by 0.1 percent in January, the first decline in three years since November 2015, after a surge of 1 percent in December, a […]