America’s bottom 50% are slowly recovering from the Great Recession

The total net worth of the bottom 50% of Americans fell to -$143 billion in the second quarter of 2010 — meaning the lowest 50% of earners had collective liabilities far outpaced their collective assets, largely underwater home and auto loans. Their net worth remained …

U.S. housing market stuck in a rut even as mortgage rates fall

The Commerce Department report on Wednesday also showed housing completions at a six-month low and a modest increase in the number of homes under construction, indications that an inventory squeeze that has haunted the market could persist for a while. Weak housing and manufacturing are …

Foreign purchases of American homes plunge 36% as Chinese buyers flee the market

The dollar volume of homes purchased by foreign buyers from April 2018 through March 2019 dropped 36% from the previous year, according to the National Association of Realtors. The decline was due to a drop in the number and average price of purchases. Foreigners bought …

The black homeownership rate has fallen 8.6 percentage points since its peak in 2004

Analysts say black communities have struggled to recover financially since the housing crisis, which has kept homeownership out of reach. A decadeslong legacy of housing segregation has also made many would-be black buyers wary of returning to the market after losing their homes. More From …

Amazon to spend $700 million to train 100,000 employees for higher-skilled jobs over the next six years

The move is just the latest in a series of efforts by large retailers to woo and retain workers in one of the tightest labor markets in history. For example, Walmart last month announced a new program that will pay for college test preparation for …

Should the U.S embrace the 4 day work week?

Four years ago, the feminist advocacy organization polled its 60,000 female members on their biggest frustrations. The results were remarkably consistent, regardless of age: The women wanted more free time. Between work and their disproportionate share of the household and child-care responsibilities, the women reported …