Student Loan Crisis Deepens: 4 Million Americans Fall Behind as Payments Resume
Federal student loan delinquency rates have doubled since post-pandemic payment resumption, with 4 million borrowers now behind on payments. The surge follows the end of COVID-19 payment freezes and comes amid inflation pressures, servicing issues, and the Supreme Court's blocking of loan forgiveness plans.
US Reading Scores Hit Historic Low as Education Recovery Stalls
Latest NAEP results reveal alarming decline in student reading proficiency, with one-third of eighth graders scoring below basic levels. While some urban districts show promising math improvements, widening achievement gaps and persistent academic struggles underscore urgent need for intervention.
TGI Fridays Declares Bankruptcy Amid Post-Pandemic Restaurant Industry Turmoil
TGI Fridays' parent company files for Chapter 11 bankruptcy protection following dramatic reduction in U.S. locations from 237 to 163. The casual dining chain aims to restructure operations while keeping remaining restaurants open, citing COVID-19 impact and increased competition.
Hiring Challenges Persist: Job Market Struggles in Post-Pandemic Era
A recent study reveals a significant drop in hiring efficiency, with only 41% of job openings filled within six months compared to 80% pre-pandemic. This shift highlights the need for adaptation in hiring strategies and job-seeking approaches.