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Older Americans have the fastest-growing student debt

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Cash and a graduate's mortarboard on a table.

And the total amount of debt they owe is growing faster than for any other age group. zimmytws/Getty Images

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Nearly 9 million older Americans still have student loan debt

by Samantha Fields Jun 21, 2021
More people are going to college and graduate school. There's also been an increase in parents taking on loan debt for their kids.

A bit of a conflicting message from the Fed last week. Markets didn't it take it super well.

On one hand, the Fed said that the economy still needs months of space to find its footing and it signaled no rush to taper its asset purchases. On the other hand, the Fed signaled rate hikes could come sooner than expected, although not until 2023. The Dow then had its worst week since October. Julia Coronado, founder and president of MacroPolicy Perspectives, said the mixed message on patience hit things like bond yields, inflation compensation and commodities prices. “But there’s an open debate about whether they are in fact less patient, or they were just trying to kind of have their cake and eat it too — give us patience in the near term, but let us know that they’ll do what’s needed if inflation does in fact show up on a more persistent basis,” Coronado said.

Chinese citizens greet new 3-child policy with humor

by Jennifer Pak Jun 21, 2021
Women in China have taken to social media to push back against having one more child.

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