Tuesday's Assorted Links
Made in America, male unemployment, next Fed Chair, debit card spending, and student loan needs
Hi y’all! Here are five stories from this week that contained some neat applications of economic principles or are related to teaching:
A new survey found that just 50% of Americans said they’d reorder a product if they learned it was US-made, down from 60% in 2022 [Axios]
Young men who recently graduated from college have an unemployment rate hovering around 6%, which is higher than the 3.5% rate for young women and the 4.2% rate for the entire US last month [NBC News]
The next Fed Chair nominee will reportedly be one of 11 candidates, including some private sector executives [CNBC]
Credit-card spending is growing more slowly than debit-card spending for the first stretch in years [The Wall Street Journal]
The average student underestimates how much they’ll need to take out in student loans by almost triple [Money]
Have you ever wondered how someone could pay $36,000 toward their student loans and still owe more than they borrowed? That’s what happened to Alyssa Jeacoma, a recent grad whose viral crash out highlights a hidden math lesson in how student loans work. This week’s post explains how it happened and what future borrowers need to know before signing on the dotted line.
Why Your Loan Balance Isn’t Going Down, Even When You’re Paying A Lot
You’re reading Monday Morning Economist, a free weekly newsletter that explores the economics behind pop culture and current events. Each issue reaches thousands of readers who want to understand the world a little differently. If you enjoy this post, you can support the newsletter by sharing it or by becoming a paid subscriber to help it grow:
Are you an educator looking for ways to introduce this week’s newsletter into your classroom? Sign up for the Classroom Edition of Monday Morning Economist to get assessments and lesson plans delivered straight to your inbox every week.
My Wife says I should teach people about how I will earn my 4th degree with no loans, I tell her many simply do not want to know how or take the risk (three of them are tied to the military).