A new report by the Brookings Institution predicts a future default crisis that would turn the U.S. economy upside down. Lisa Rowan, Writer at The Penny Hoarder, joins Your Cheddar to discuss the findings of this study.
By 2023, the cumulative student loan default rate will top 40%. Right now it's around 25%. Rowan explains how it will reach 40% in only six years. She also talks about the difference between public schools and for-profit schools.
Plus, the study suggests that the default rate for African Americans is at an extraordinarily high rate. By 2023, the default rate for black borrowers who started college in 2003-04 is projected to hit 73.3%. Rowan says this is largely due to a labor market that's less favorable to these graduates.
Will the exercising at home revolution continue in a post-Covid world? Find out what the FlexIt CEO had to say, plus the company's partnership with TalkSpace.
Domino’s Pizza reported a 7.1% revenue rise to $1.1B amid value meal competition and inflation. Q3 may slow, with caution on growth and consumer spending.
