So far, the debt payment ratio (of loan payments to income) hasn't been higher this decade than during the 1990s, but it's been partly held in check by lower interest rates. In some sense, we haven't seen the whole burden bearing down yet.
More Quotes from Heather Boushey:
Statistically speaking, the chances of moving up (the) income distribution (curve) is less than it was a decade ago. Students with debt face real concerns with the shrinking middle marketplace.Heather Boushey
The numbers are very bad this morning.
Heather Boushey
The numbers that we are seeing today are consistent with those we saw in the last recession,
Heather Boushey
The main reason for women's declining labor-force participation rates over the last four years was the weakness of the labor market. Women did not opt out of the labor force because of the kids.
Heather Boushey
The reality is that the overwhelming majority of women are working and they're going to be part of the labor force for a long time. While they may choose to take time off, they're doing things that women in '60s weren't doing.
Heather Boushey
Given that the Census doesn't seem to have a clear plan, and given that it's taken about seven years to develop a new survey historically, I don't see that it will take only two years to develop something better than we have now.
Heather Boushey
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I went to London and performed in Eric Clapton's concert at the Royal Albert Hall. I'll work with him any time he asks me.
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I went into the Air Corps from 1943 through 1945.
Bobby Thomson