The scoreboard looks good for the U.S. economy. As of this month, we’re officially in the longest economic expansion in history.
We’ve been growing for longer than the U.S. did after World War II, for historical context. And mortgage delinquencies are at a 20-year low.
That’s a measure of how many people are 30 days late or more on their mortgage payment. So higher lending standards are preventing bad loans from getting out there like the pre-recession days.
But a lot of people aren’t seeing the upside of the expansion yet. The number of people working 2 jobs is almost the same as it was in the depths of the Great Recession.
Even Wall Street is feeling a pinch despite the hot U.S. economy. Global bank Deutsche Bank is laying off 18k people over the next 3 years.
However, maybe all the former suits can get busy planting all the trees we’ll need to fight climate change. A new report says a cool trillion trees will eat up the excess carbon dioxide warming our planet.
All this and more in today’s Linkage. Check it out below.