Education, Business, & Law

Why older Americans are taking on more debt

Older Americans are accumulating more debt as they near retirement, according to research from the Wharton School that reveals a troubling trend in personal finance among people in their 50s and early 60s.

From Knowledge@Wharton

COVID communications and first generation students

Marcus Wright, undergraduate program manager and academic coordinator in the Department of Sociology and doctoral student at the Graduate School of Education, analyzes academic messaging to expose blind spots.

From OMNIA



In the News


Axios

Survey: Philly's civil forfeiture program targeted Black residents

Louis Rulli of the Law School said Philadelphia has historically been a “hotspot” for civil forfeiture. "The people most affected by civil forfeiture were poor, they were communities of color, and they were the most vulnerable in our city, who could least afford to lose their property," he said.

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Bloomberg

Biden tackles supply-chain crisis with few tools, clock ticking

Steve Viscelli of the School of Arts & Sciences said the U.S. supply chain is built on unpaid labor by port truckers waiting to pick up cargo from shipping containers. “The port truck driver, for decades now, has basically been the slack adjuster in the whole system,” he said.

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Bloomberg

Jerome Powell’s swift action on Fed trading may boost his chances for a second term

Peter Conti-Brown of the Wharton School said Federal Reserve chair Jerome Powell was remarkably quick to address an ethics scandal at the Fed. “I would hope those who oppose Jay Powell fight him vociferously on the merits,” he said. “I don’t think his trading or management to this process are disqualifying. The Fed is holding itself to a higher standard than the standard held for those critical politicians.”

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Politico.com

Covid means remote workers can live anywhere. So where’s 'anywhere'?

Susan Wachter of the Wharton School spoke about how the shift to remote work may affect where employees choose to live. “Towns near amenities are the new hot spots now and for some time to come,” she said.

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Los Angeles Times

Column: Facebook, fooling no one, may be going for a new name

Barbara Kahn of the Wharton School said Facebook’s plan to rebrand is both an attempt to distance itself from past controversies and to appeal to the next generation of users. “The big issue for young people is that Facebook is Granny’s platform, your parents’ platform,” she said. “They need to get away from that.”

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