Last month, 6.65% of subprime borrowers were at least 60 days late on their car payments. That’s the highest delinquency rate since the 1990s, according to Fitch Ratings.
Thirty-two percent of business owners say they have jobs open that they can’t fill. And 27% cited labor quality as their single most important problem— the highest level since this time in 2021.
Facing declining enrollment and competition from online programs, some colleges and universities are choosing to close campuses far from their central location.
The very rich have 1,000 times more wealth than the poorest households, according to a new report. That wealth is not improving the livelihoods of other people in the economy.