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(CNN)Americans piled on $40.1 billion worth of debt in June, the Federal Reserve said Friday afternoon. The figure was considerably higher than economists' forecasts, after May's revised total of $23.8 billion.

Americans' borrowing grew by 10.5% in June, compared to 6.3% in May, according to the Fed's G.
19 consumer credit report. Revolving debt — roughly a proxy for outstanding credit card balances — rose by 16% after an 7.8% increase in May.As inflation takes a toll, Americans face tough decisions about medical careNon-revolving debt, which includes loans like car loans and student loans, grew by 8.8% after a 5.8% increase in May. These figures exclude mortgage balances, which represent most of the debt carried by households.
    On a quarter-to-quarter basis, Americans borrowed an additional $98.9 billion, the Fed said. Friday's report comes on the heels of a separate release from the New York Fed that reported Americans' non-housing-related debt ballooned by $103 billion in the second quarter, the largest increase since 2016.
      The jump comes as inflation remains at a four-decade high. Last month, the Bureau of Labor Statistics reported that inflation soared to an annualized 9.1% in June, with increases on food, gas and a broad-based rise in nearly all categories triggered by a combination of sky-high energy costs and supply issues.

      News Source: CNN

      Tags: increase in may

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      Two Studies Raise Concerns About Public School Serious Violence Incidents

      by Elyse Apel

       

      At a time when school shootings are a concern for many Americans, serious violence incidents are also up in schools across the nation, reports two recent studies.

      One study, from the National Center for Education Statistics, shows a 35% increase in serious violence incidents in K-12 public schools from the 2015-16 school year to 2019-20. Serious violence incidents include rape, attempted rape, sexual assault other than rape, threatened rape, physical attacks, fights with a weapon, threat of physical attack with a weapon, and robbery with or without a weapon.

      More schools responded to the 2019 survey which led to the increase in reported incidents, but the increase was still declared as “statistically significant” by the author of the study.

      The 2019-20 NCES study was published in July 2022 and is a look at the latest trends of violence in schools. The violence has also prompted action from state legislatures.

      A survey from the American Psychological Association found that 33% of surveyed teachers reported experiencing at least one incident of verbal abuse and/or threatened violence from July 2020 to June 2021.

      The National Education Association President Becky Pringle called this increase a “crisis” in a news release.

      “This crisis of violence should unite educators, students, families, and politicians around the common goal of ensuring that our public schools are the safest, healthiest, and most just places in our communities,” Pringle said.

      Ke Wang, the researcher from the American Institutes for Research who co-authored the NCES 2019-20 study, said that the increase in those incidents is significant.

      “For serious violent incidents, you can indeed say that the number has increased between 2015-16 and 2019-20. I just tested this out and the increase is statistically significant,” Wang said.

      In 2015-16, there were 40,800 incidents reported by 12,900 participating schools. In 2019-20, there were 62,800 incidents reported by 21,100 participating schools.

      Wang said that although the number of participating schools varied, the years can be compared “apples-to-apples.”

      Both Republicans and Democrats in state legislatures around the nation have proposed bills in the last few years to strengthen protections for teachers and expand the penalties for assaulting teachers in the classroom.

      In Michigan, Senate Bill 689 was proposed in 2021 that would make assaulting or endangering a school employee a “misdemeanor punishable by imprisonment for not more than one year.”

      The American Enterprise Institute think-tank did not respond to an email from The Center Square requesting a comment on these trends.

      – – –

      Elyse Apel is a rising junior at Hillsdale College, which is located in Michigan. Originally from Oklahoma, she is studying politics and journalism. Elyse is an intern reporter at The Center Square.
      Photo “Young Boy Being Bullied After Being Beaten Up” by Mikhail Nilov.

       

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