The Week (US)

The bottom line

- The six largest American banks—JPMorgan, Bank of America, Citigroup, Wells Fargo, Goldman Sachs, and Morgan Stanley—collective­ly recorded $141 billion in pretax profits in 2017, nearly double the $75 billion they recorded in 2010.

Thanks to lower government revenue resulting from recent tax cuts, and to deficit spending, the U.S. is cruising toward record-breaking debt. Federal debt is projected to reach 78 percent of GDP by the end of the year—the highest level since 1950. At that rate, the debt will exceed the size of the economy within a decade and break the historic record of 106 percent by 2034.

Over the past year, the jobless rate for workers with disabiliti­es has fallen faster than that of the general workforce, sliding 2.7 percentage points, from 9.5 percent to 7 percent. Last month, the share of working-age people with disabiliti­es who are employed hit 29.7 percent, an increase of 1.7 percent from this time last year.

American workers forfeited a total of 212 million vacation days in 2017, equivalent to $62.2 billion in lost benefits. In other words, the average American employee donated $561 back to his or her employer by not using allotted vacation time.

Used-car prices are at a 13year high as increasing numbers of newer-model leased vehicles hit the market. The average price of a used car increased to $19,657 in the first quarter, up 17.6 percent compared with the same period five years ago. The average three-year-old used car now costs $22,685, and only spent 41 days on the market in the first quarter, down from 55 days in 2005.

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