Citigroup will pay $7 billion to settle an investigation into risky subprime mortgages, the type that helped fuel the financial crisis.
In the report, “A College Degree is No Guarantee” from the Center for Economic and Policy Research, study authors Janelle Jones and John Schmitt find that the Great Recession has been difficult for all recent college graduates, but black graduates remain the hardest hit by unemployment.
Ben Bernanke, who stepped down last month after eight years as chairman of the Federal Reserve, is planning a memoir.
A new study from the Joint Center for Housing Studies of Harvard University finds that nearly 50 percent of renters are “cost-burdened,” meaning they pay more than 30 percent of their income to rent housing. This is nearly double from the less than one-quarter of renters who paid that much in 1960.
The U.S. economy is growing faster, corporate profits are rising and companies are laying off the fewest workers in six years.
A new study finds that there were nearly an additional 5,000 suicides worldwide in 2009 thanks to the Great Recession.
Driving in America has stalled, leading researchers to ask: Is the national love affair with the automobile over?
A record number of young adults are living with their parents.
Drawing renewed attention to the economy, President Barack Obama will return this week to an Illinois college where he once spelled out a vision for an expanded and strengthened middle class as a freshman U.S. senator, long before the Great Recession would test his presidency.
Late boomers and Generation=Xers might want to reconsider their retirement plans.