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1 Article
Source: Common Domain

Red states saw big rise in credit-card debt over the past five years

Wednesday 11:49 GMT

American households are falling deeper into debt, reaching another all-time high last year of more than $1 trillion in outstanding revolving credit — also known as credit-card debt.

Over the past five years, 40 states have seen an increase in credit-card debt, according to data from financial research company ValuePenguin. The card balances in Alaska reached a whopping $13,048 per capita in 2018, 2.4 times as much as that in Ohio, where the lowest average balance was observed.

1 Article
Source: Common Domain

Forget the stock market’s roller coaster — many Americans struggle with income volatility

Monday 08:59 GMT

The stock market’s up-and-down ride has grabbed breathless news coverage this month, with the Dow Jones Industrial Average DJIA, +0.08%   suffering its biggest one-day drop since 2008 followed by a rebound this week.

See: Here’s the really bad news: Only half of Americans actually own stocks. Income swings have grown more extreme since the 1970s, according to a study by the Brookings Institution, a liberal-leaning Washington D.C. think tank.

1 Article
Source: New York Times

America at Home: Grandparents in the Attic, Children in the Basement

Monday 21:52 GMT

A brief backward look: After the late 1800s, as two economists pointed out in a landmark 2000 study, most elderly widows lived with one of their children — so common a practice that it developed a nostalgic sheen, enshrined as the way things ought to be.

The proportion of older widows living with children declined from about 60 percent that year to 20 percent by the 1990 census.


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