Hi, everyone. In today’s news, we find out about the long-term impact of open workspaces, why it’s a good time to buy a home, the projections for gen Z college debt, consumers confidence in the economy, and the current trend in home prices.
If you’re under 40, you might have never experienced the joy of walls at work. In the late 1990s, open offices started to catch on among influential employers—especially those in the booming tech industry.
Getting into the “upper middle class” is basically winning the American Dream. You’re not quite living like a celebrity, but you have access to all the creature comforts you could want (and basically every movie and TV show is about you!).
Public colleges and universities, which educate the majority of American postsecondary students, have had a tough century so far. Per-student funding from state and local governments has dropped 20 percent since 2001, adjusted for inflation, and was 7 percent lower in 2018 than in 1980.
Consumers feel pretty good about how the economy is doing right now, and they see good times continuing over the next six months. The present situation index rose to 168.3 from 163. The board’s survey of future expectations moved up to 103 from 98.3. Both are close to the highest levels in a decade.
National home prices rose 4% in February from a year earlier, according to the latest reading on the S&P CoreLogic Case-Shiller home price index. That is down from a 4.2% annual gain in January.