Some 64% of job-switchers got a raise, but only 44% maintained or increased their 401(k) savings rate.
Some 64% of job-switchers got a raise, but only 44% maintained or increased their 401(k) savings rate.
Rapid growth over the past decade has fueled the private credit industry’s rise into a $1.7 trillion market.
Only 30% of the office loans worth more than $100 million that matured this year were paid back on time, with the rest either getting extensions or defaulting. By comparison, 70% of loans worth less than $10 million were paid back on time—a sign that lenders are much more comfortable issuing smaller mortgages for now.
Home insurance premiums for mortgage loans of more than $1.5 million jumped 130% between mid-2020 and mid-2024. For mortgages of between $400,000 and $800,000, home insurance premiums increased 12% over the same period.
By 2022, 53%—more than half of all U.S counties—drew at least a quarter of their income from government aid.
In 2019, 13% of reporting hotels in the top 25 U.S. markets charged an average daily rate of at least $200, in 2024, that figure is just over 20%.
Income generated from money markets surged to more than $27 billion in August, a record on an inflation-adjusted basis going back to 1990.
The gap between food-price and wage inflation between the end of 2019 and the second quarter of this year was roughly four percentage points.
Blackstone has agreed to sell the economy hotel chain Motel 6 and sister brand Studio 6 to India’s Oyo in an all-cash transaction valued at $525 million. The private equity giant acquired Motel 6 in 2012 from Accor for $1.9 billion. Blackstone exits its 12-year hold of Motel 6 having more than tripled its investors’ capital and generating over $1 billion in profit through executing an asset-light campaign, selling off owned assets and focusing on franchising.
The value of commercial real-estate loans in foreclosure nearly tripled between January and August this year to reach $19.2 billion.