A new report by the Brookings Institution predicts a future default crisis that would turn the U.S. economy upside down. Lisa Rowan, Writer at The Penny Hoarder, joins Your Cheddar to discuss the findings of this study.
By 2023, the cumulative student loan default rate will top 40%. Right now it's around 25%. Rowan explains how it will reach 40% in only six years. She also talks about the difference between public schools and for-profit schools.
Plus, the study suggests that the default rate for African Americans is at an extraordinarily high rate. By 2023, the default rate for black borrowers who started college in 2003-04 is projected to hit 73.3%. Rowan says this is largely due to a labor market that's less favorable to these graduates.
Nugget ice is booming across America. Middleby CEO Tim Fitzgerald explains the craze, restaurant demand and why the trend could become a major growth engine.
Wearable robotics are moving beyond sci-fi. Dephy CEO Luke Mooney explains how its smart ankle exoskeleton is changing mobility, recovery and everyday movement.
Voice AI is moving into cars, restaurants and customer service. SoundHound CEO Keyvan Mohajer explains the company’s growth and the future of voice-powered AI.
