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
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