Lots of research indicates graduating from college in an economic downturn hurts a worker’s career and earnings—and the financial effects, at least, persist for 10 years or more. Yet a new study from Emory University indicates those who earn a degree during challenging economic times are ultimately happier with their jobs.
Georgia fell far in the so-called Great Recession that began in 2007 – so far that poor and middle-class Georgians are seeing income and wealth at the same levels as the early 1990s, according to a new analysis from the Georgia Budget and Policy Institute.
Gov. Nathan Deal is asking state agencies to find another $553 million in reductions through June 2014. The Atlanta Journal-Constitution reports that about half of that would come from higher education and from public health — $108 million from the University System of Georgia and $170 million from the Department of Community Health — while most k-12 school funding is exempt.
A new analysis by credit counseling group CredAbility found Georgians are still struggling with high unemployment and low home values, and only people in Nevada feel more stretched financially than we do.
About 1.9 million homes entered the foreclosure process in 2011, the lowest level since 2007 when the recession began, according to a report Thursday by the foreclosure listing firm RealtyTrac Inc. The listing firm anticipates that 2012's foreclosure rate will be higher than last year's, but will remain below the peak of 2010.
Federal banking regulators are telling The Savannah Bank it needs to reduce its troubled assets. The Office of the Comptroller of the Currency has given the bank its lightest possible action, letting bank officials dictate their own terms for reducing delinquent loans and reposessions. The move speaks to how far Georgia banks have to recover from the Great Recession.