Economy

For first time homebuyers it was one of the hardest years ever to afford a house. But homeowners saw tremendous gains in housing wealth.

New York Times writer Peter S. Goodman does not like Davos Man. At all. And his new book does an excellent job explaining why — focusing on the rich getting richer as the COVID-19 pandemic raged.

It's a bad time to be a world leader. COVID did that.

NPR's A Martinez talks with Abby Maxman, CEO and president of Oxfam America, about the organization's latest report on wealth inequality, and how that gap has increased during the pandemic.

Frustration is growing among people who depend on public transportation as employees quit and agencies make major cuts. In St. Louis, Mo., a transit agency is losing far more operators than usual.

NPR's Michel Martin speaks with Linda Jones, co-founder of Alabama Childhood Food Solutions, about how inflation is affecting people experiencing food insecurity in central Alabama.

Former Treasury official Sarah Bloom Raskin and economists Lisa Cook and Philip Jefferson are the three nominees Biden is expected to announce for the Fed board on Friday.

The loan servicing giant has agreed to cancel student loan debts owed by roughly 66,000 borrowers as part of a settlement reached with 39 state attorneys general.

People are sitting out college in droves. During the pandemic, undergraduate enrollment has dropped nearly 7%. The long-term effects of this decline could have a dramatic impact on the economy.

Consumer prices were 7% higher in December than the year prior — the sharpest increase in nearly four decades. Many expect the Federal Reserve to raise interest rates to try to bring inflation down.

Consumer prices are soaring at their highest annual pace in almost 40 years. Some progressives such as Sen. Elizabeth Warren blame corporate profiteering, but most economists scoff.

Impulse shopping feels good in the moment, but it can impede your long-term savings goals. This shopping tip will help separate fleeting fun from sustained satisfaction.