Financial woes grow worse during pandemic for American families

The economic challenges caused by the coronavirus pandemic have grown worse since the spring for many American families, with an increasing number reporting that they have trouble paying bills, according to a new RAND Corporation ...

Cathay Pacific to buy budget airline HK Express for $628 mn

Hong Kong flag carrier Cathay Pacific said on Wednesday it will buy budget airline HK Express for more than US$600 million as it moves to counter competition from the increasing number of low-cost carriers in the region.

Shame about poverty often increases poverty

Shame is more common among people who have financial difficulties and is often accompanied by behavior that actually can perpetuate poverty. For example, money is spent on status symbols instead of basic necessities, and ...

Student debt and economic hardship

Students who come out of college with debt—especially larger amounts—are more likely to face hardship and financial difficulty during their lives, finds a new study from Washington University in St. Louis.

It's another cold night for poor

Households on low incomes will feel the cold pinch of winter more than most as rising energy bills and promised cuts to welfare benefits threaten to push them beyond the brink of their financial limits. So suggests a report ...

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