Young credit card users are more responsible, study finds

If you think young people don't know how to manage money and pay down their credit cards, then you should think again. A new study from the W. P. Carey School of Business at Arizona State University and the Federal Reserve ...

American workers find less incentive to relocate

American workers—long unusually mobile—are increasingly staying put. There are a range of popular explanations for the slowdown in migration between states, including an aging population that is firmly entrenched and ...

Unemployment benefits not sought by jobless

Employment insurance is a vital safety net for the unemployed across North America, yet some take advantage of the system. Recent headlines have made much of a recent report from the U.S. Department of Labor that 11 per cent ...

Mortgage risks underestimated, economists conclude

(Phys.org)—The Federal Housing Authority (FHA) underestimates the risks of defaulted mortgages, NYU economist Andrew Caplin concludes in a new study co-authored with economists at the Federal Reserve Bank of New York.

Team studies the innermost circle of the financial crisis

(Phys.org) -- “Too central to fail” instead of “too big to fail”: whether banks pose a risk to the financial system when they get into distress has more to do with their level of networking than with their ...

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