The economic hammer has fallen especially hard on young adults, many of whom might never be able to buy a home. In a nation where homeownership marks the American dream, a generation of renters could alter communities and redefine the idea of middle-class success.
Republican Gov. Scott Walker won his recall election in Wisconsin, but exit polls indicated 18 percent of his supporters would vote for President Obama over Republican nominee Mitt Romney in the fall. Federal Reserve Chairman Ben Bernanke said the central bank was "prepared to take action on the flagging U.S. economy. Senate Republicans blocked a Democratic bill calling for equal pay in the workplace. John Dickerson of Slate, Shawna Thomas of NBC News and Jerry Seib of The Wall Street Journal join Diane for a discussion of the week's top national news stories.
New research shows that booms and busts in the housing industry help determine where high school students apply for college. Booms trigger applications to better colleges, busts to lesser quality schools.
A new report by Rutgers University shows only 27 percent of recent high school graduates who are not enrolled in college have full-time jobs. Many young people with only high school diplomas say their hopes for the future have been dashed by the high cost of college.
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