Americans’ household debt surpasses $16T for first time:
thehill.com/policy/finance/3584781-americans-household-debt-surpasses-16t-for-first-time/
Quick Glance: Uber increases revenue despite high inflation in the second quarter
- Despite inflation and recession concerns, Uber increased substantially in the second quarter.
- Because of the reopening of offices and an increase in travel demand, the ride-hailing service in the United States experienced positive cash flow for the first time in the second quarter.
- The company said on Tuesday that it had beaten market expectations of $263 million by $382 million.
- The business now forecasts adjusted earnings of $440 million to $470 million in the third quarter.
Story Details
| Last Updated | Aug 03 22 |
| Total Articles | 8 |
News on this topic
Credit card debt surges as inflation forces Americans to borrow more: Compared with one year earlier, credit card debt has increased at the fastest clip in 20 ...
washingtonpost.com/business/2022/08/02/credit-card-debt-inflation/
Household debt increases by 2% in Q2 amid rising inflation: Household debt increased by 2% in the second quarter of 2022, boosted in part by the largest ...
upi.com/Top_News/US/2022/08/02/household-debt-increase-inflation-economy/3721659461750/
U.S. household debt tops $16 trillion amid rising inflation: U.S. household debt increased to a record $16.15 trillion in the second quarter ...
reuters.com/markets/us/us-household-debt-tops-16-trillion-amid-rising-inflation-2022-08-02/
More articles on this subject
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Credit card debt surges as inflation forces Americans to borrow more: Compared with one year earlier, credit card debt has increased at the fastest clip in 20 ...
washingtonpost.com/business/2022/08/02/credit-card-debt-inflation/
Household debt increases by 2% in Q2 amid rising inflation: Household debt increased by 2% in the second quarter of 2022, boosted in part by the largest ...
upi.com/Top_News/US/2022/08/02/household-debt-increase-inflation-economy/3721659461750/
U.S. household debt tops $16 trillion amid rising inflation: U.S. household debt increased to a record $16.15 trillion in the second quarter ...
reuters.com/markets/us/us-household-debt-tops-16-trillion-amid-rising-inflation-2022-08-02/
Americans are putting inflation on the credit card, Fed study shows: Americans just drove the biggest jump in credit card debt in 20 years as inflation gathered ...
finance.yahoo.com/news/americans-putting-inflation-credit-card-150000636.html
U.S. household debt tops $16 trillion amid rising inflation: Overall delinquency rates rose modestly too for all debt types, with delinquencies for credit cards ...
finance.yahoo.com/news/u-household-debt-tops-16-150227309.html
Household debt tops $16 trillion for the first time, fueled by higher inflation and interest rates
cnbc.com/2022/08/02/household-debt-tops-16-trillion-as-inflation-surges-and-rates-rise.html
Strong second quarter despite high inflation: Uber doubles sales: The US ride-hailing service Uber benefits from an increased desire to travel in the second ...
spiegel.de/wirtschaft/uber-umsatz-verdoppelt-starkes-zweites-quartal-trotz-hoher-inflation-a-fbff36a4-8380-49e5-a5da-3379c97e7f83
More than 1 in 4 US adults over age 50 say they expect to never retire: AARP study
abcnews.go.com/Business/wireStory/1-4-us-adults-age-50-expect-retire-109580387
Investors price in growing chance of another Federal Reserve interest rate rise: While base case remains reduction in borrowing costs, options market shows a 20% ...
ft.com/content/8c5da64b-766e-4993-86f5-aac95342432a
JPMorgan CEO Dimon says ‘unbelievable’ US economy is booming: One of corporate America's most prominent executives on Tuesday expressed confidence in a ...
dailysabah.com/business/economy/jpmorgan-ceo-dimon-says-unbelievable-us-economy-is-booming
Quick Glance: JPMorgan CEO Dimon Praises US Economy
- Jamie Dimon, Chairman and Chief Executive Officer of JPMorgan Chase & Co., speaks to the Economic Club of New York.
- Dimon expressed confidence in a robust U.S. economy with strong employment and healthy consumer finances.
- However, he warned about the potential economic effects of rising national debt, inflation, and geopolitical conflicts.
- Dimon also discussed the need for a more harmonious relationship between lenders and regulators, as well as praised U.S. leadership and economic power.
Surge in home insurance costs adding more inflation pressure on Americans: Surging home insurance premiums are the latest obstacle to homeownership for millions ...
foxbusiness.com/economy/surge-home-insurance-costs-adding-more-inflation-pressure-on-americans
American dream under threat from harsh realities of inflation: In the wake of the surge in inflation seen in recent years, the economic landscape in the US is ...
arabnews.com/node/2498616
Trump’s economic agenda would make inflation a whole lot worse: Voters trust Donald Trump to handle inflation better than Joe Biden, according to the polls ...
vox.com/2024-elections/24137666/trump-agenda-inflation-prices-dollar-devaluation-tariffs
How the US Stole $600 Billion From African Americans: 'Black Tax' Book Review
bloomberg.com/news/articles/2024-04-24/how-the-us-stole-600-billion-from-african-americans-black-tax-book-review
Biden meets 4-year-old Abigail Edan, an American who was held hostage by Hamas: President Joe Biden has met at the White House with Abigail Edan ...
apnews.com/article/biden-abigail-edan-hostage-child-release-hamas-a4dd8ec2c1753730695f68dd64c6bc29
Tiktok ultimatum in the USA: The law does not solve problems with China: Congress wants to force a change of ownership of the popular video platform and thus put ...
nzz.ch/meinung/hehre-ziele-schlechte-umsetzung-das-tiktok-ultimatum-der-amerikaner-schadet-mehr-als-es-nuetzt-ld.1827743
Quick Glance: Measures Against TikTok: Biden Sets Deadline for Sale
- President Biden has signed legislation requiring ByteDance to fully divest from TikTok within a year or potentially face a nationwide ban.
- This action poses a significant challenge to the future of the video-streaming app in the U.S. and escalates the technological conflict between America and China.
- TikTok plans to take legal action against the Biden administration, citing concerns that the law could impede the free speech of millions of Americans.
- This requirement was incorporated into a bill providing foreign aid for Israel, Ukraine, and Taiwan, mandating ByteDance to sell its stake in TikTok within 12 months under the threat of closure.
Biden notches another union endorsement as building trades back reelection: President Joe Biden secured another union's backing on Wednesday as the organization ...
reuters.com/world/us/biden-notches-another-union-endorsement-building-trades-back-reelection-2024-04-24/
Congress approves bill banning TikTok unless Chinese owner ByteDance sells platform
ft.com/content/d84df824-19c0-4105-ae95-816dd0618efb
Union leader endorsing Biden: ‘We’re not gonna waste a lot of time’ on Trump supporters
thehill.com/homenews/campaign/4617991-building-trades-union-endorses-biden/
Big pension increase in the summer but was that it?: Pensions will rise more sharply in July than previously thought. But the increases could shrink ...
hna.de/wirtschaft/grosse-rentenerhoehung-im-sommer-zukunft-rente-inflation-inflationspraemie-rentner-kaufkraft-zr-93032410.html
Australians flattened by biggest tax increase in world: Bracket creep and the end of the low- and middle-income offset delivered the biggest tax hike in the ...
smh.com.au/politics/federal/australians-flattened-by-biggest-tax-increase-in-world-20240425-p5fmgf.html
Eurozone economy grows surprisingly strongly: The Purchasing Managers' Index rose by 1.1 points to 51.4, the highest level in eleven months ...
diepresse.com/18396920/wirtschaft-der-eurozone-waechst-ueberraschend-stark
Sainsbury’s Expects Retail Profit to Exceed £1 Billion This Year: J Sainsbury Plc expects a big jump in profit this year as the UK supermarket chain pulls in ...
bloomberg.com/news/articles/2024-04-25/sainsbury-s-expects-retail-profit-to-exceed-1-billion-this-year
Mortgage demand falls again as interest rates soar past 7%: A key measure of home-purchase application fell for the third straight week as mortgage interest ...
foxbusiness.com/economy/mortgage-demand-falls-again-interest-rates-soar-past-7
New I Bond rates won't be tantalizing but they could be decent: Inflation has cooled from a recent peak of 9.1% in June 2022. I Bond rates have pulled back, too ...
freep.com/story/money/personal-finance/susan-tompor/2024/04/24/inflation-is-hot-but-not-enough-to-drive-i-bonds-to-sky-high-returns/73414755007/
Fast-food businesses hiking prices because of higher minimum wage sound like Gordon Gekko
usatoday.com/story/opinion/voices/2024/04/24/california-minimum-wage-restaurants-fast-food-raise-prices/73332922007/
Argentina's Milei revs up chainsaw and blender in fiscal deficit attack: Argentina's libertarian President Javier Milei is revving up his attack on the country's ...
reuters.com/markets/argentinas-milei-revs-up-chainsaw-blender-fiscal-deficit-attack-2024-04-23/
Stock market sell-off has 'further to go,' JPMorgan warns: JPMorgan analysts warned in a note to clients this week that the U.S. stock market sell-off has ...
foxbusiness.com/markets/stock-market-selloff-has-further-go-jpmorgan-warns
GDP growth slowed to a 1.6% rate in the first quarter, well below expectations: Real GDP was expected to increase 2.4% in the first quarter on a seasonally ...
cnbc.com/2024/04/25/gdp-q1-2024-increased-at-a-1point6percent-rate.html
Federal government raises economic forecast slightly: The German economy is experiencing weak growth - for how much longer? There are increasing signs of ...
fr.de/wirtschaft/bundesregierung-hebt-konjunkturprognose-leicht-an-zr-93030997.html
Bitcoin analysts agree that BTC has ‘a lot further to run’: Bitcoin on-chain and market cycle data all suggest higher baseline prices for BTC in the months ...
cointelegraph.com/news/bitcoin-analysts-agree-that-btc-has-a-lot-further-to-run
Turkey Pauses Rate Hikes Ahead of Inflation Peak Near 70%: Turkey’s central bank kept interest rates unchanged, pausing a month after surprising markets with a ...
bloomberg.com/news/articles/2024-04-25/turkey-pauses-rate-hikes-ahead-of-inflation-peaking-at-over-70
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US growth slowed sharply last quarter to 1.6% pace, reflecting an economy pressured by high rates
apnews.com/article/economy-growth-inflation-gdp-consumers-federal-reserve-5a64d255a09313dabe54954060a09530
Morgan Stanley Warns of Possible Tokyo CPI Yen Shock Before BOJ: Morgan Stanley MUFG Securities economists flagged a risk of Tokyo inflation data causing a ...
bloomberg.com/news/articles/2024-04-25/morgan-stanley-warns-of-possible-tokyo-cpi-yen-shock-before-boj
Madison Moderate Allocation Fund Q1 2024 Investment Strategy Letter: The U.S. stock market held the course set by the explosive rally to end 2023 over the first ...
seekingalpha.com/article/4686051-madison-moderate-allocation-fund-q1-2024-investment-strategy-letter
Macron Says Inflation Cannot Be Sole Target of Monetary Policy: French President Emmanuel Macron said inflation can no longer be the only target for European ...
bloomberg.com/news/articles/2024-04-25/macron-says-inflation-cannot-be-sole-target-of-monetary-policy
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Türkiye holds interest rate unchanged: Despite ongoing decline, underlying trend of monthly inflation higher than expected, bank says
yenisafak.com/en/news/turkiye-holds-interest-rate-unchanged-3682094
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Higher for longer: How businesses are struggling with sky-high costs even as inflation eases
businesspost.ie/news/higher-for-longer-how-businesses-are-struggling-with-sky-high-costs-even-as-inflation-eases/
Paid articlePaid Chanel CEO Says Price Hikes Driven by Inflation, Craftsmanship: Chanel’s chief executive officer defended the luxury brand’s pricing after it raised the cost of ...
bloomberg.com/news/articles/2024-04-25/chanel-ceo-says-price-hikes-driven-by-inflation-craftsmanship
Paid articlePaid Zambian Inflation Hits 26-Month High as Currency Rout Returns: Zambia’s annual inflation rate climbed to a 26-month high and may continue to increase as a record ...
bloomberg.com/news/articles/2024-04-25/zambian-inflation-hits-26-month-high-as-currency-rout-returns
Paid articlePaid Beauty products push Unilever sales jump: A prolonged period of high inflation has stretched consumer budgets and pushed shoppers to cheaper supermarket brands
businesspost.ie/news/beauty-products-push-unilever-sales-jump/
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The Fed's Key Inflation Rate Sizzles As GDP Slows: The key Federal Reserve inflation rate, the core PCE price index, reared up in Q1 as GDP grew at a slower ...
investors.com/news/economy/federal-reserve-inflation-rate-core-pce-gdp-q1-sp-500/
US GDP Q1 2024: Economy Slows as Spending Cools Amid Inflation Pickup: The US economy grew last quarter at the slowest pace in two years as consumer and ...
bloomberg.com/news/articles/2024-04-25/us-economy-expands-at-1-6-rate-trailing-all-forecasts
Paid articlePaid Indonesia raises interest rates to support sliding rupiah: Currency has lost nearly 5% of its value against dollar this year amid expected delays to US rate cuts
ft.com/content/e3f75d49-c3bf-408c-b8a4-e8c599dba384
Normalization expected: Mosa adjusts Edeka Group to falling prices: Edeka is preparing for the post-inflation phase with price cuts, moderate tones towards ...
lebensmittelzeitung.net/handel/nachrichten/ausblick-2024-mosa-stellt-edeka-gruppe-auf-sinkende-preise-ein-177423
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AI? Inflation? Profit From What Everyone Talks About: I advocate for a portfolio that generates income through dividends and interest. Check out two funds that ...
seekingalpha.com/article/4685652-ai-inflation-profit-from-what-everyone-talks-about
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RBI MPC member Ashima Goyal: As India develops, problem of high food inflation will get less severe
thehindu.com/business/Economy/as-india-develops-problem-of-high-food-inflation-will-get-less-severe-rbi-mpc-member-ashima-goyal/article68104884.ece
Commodity prices could keep inflation high, warns World Bank: Sharp falls in commodities are unlikely to continue, says lender, making it harder for central ...
ft.com/content/769c8c79-312a-49d9-9451-a91e1b4a6faf
The ‘Senior’ Jobs That Require Little or No Experience: Many early-career jobs now come with inflated titles, and a loophole in the FTC’s new ban on noncompetes ...
on.wsj.com/4aPDstU
Artisan Global Value Fund Q1 2024 Commentary: The MSCI World Index’s 10-year compound annual return is 9%; this quarter it gained 9%.
seekingalpha.com/article/4686046-artisan-global-value-fund-q1-2024-commentary
Can the US manage escalating debt without triggering a fiscal crisis?: The US is grappling with record $34.5 trillion debt, triple the eurozone's ...
euronews.com/business/2024/04/25/can-the-us-manage-its-escalating-debt-without-triggering-a-fiscal-crisis
Earlier start to the asparagus season: Since the beginning of April, the familiar white bags have been roaming the sales tables in the Heidekreis again ...
wz-net.de/dorfmark/frueherer-start-spargelsaison-id230261.html
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IMF calls for smaller budget amid low revenue receipts: The IMF mission suggested that the upcoming budget, which will be unveiled in the first week of June ...
thedailystar.net/business/economy/news/imf-calls-smaller-budget-amid-low-revenue-receipts-3594611
Vodafone: Customers can now join class action lawsuit over price increase: The price increases for Vodafone's fixed network in 2023 could be ineffective ...
faz.net/aktuell/wirtschaft/vodafone-kunden-koennen-jetzt-bei-sammelklage-wegen-preiserhoehung-mitmachen-19674449.html
Bank of Canada officials split on when to start cutting interest rates: Members of the Bank of Canada's governing council were split on how long the central bank ...
ctvnews.ca/business/bank-of-canada-officials-split-on-when-to-start-cutting-interest-rates-1.6860326
Drug pricing: Swiss expert calls for more transparency: As more multi-million-dollar drugs come on the market, there are growing calls for transparency on drug ...
swissinfo.ch/eng/multinational-companies/drug-pricing-swiss-expert-calls-for-more-transparency/75398770
Real wages are falling in Switzerland for the third time in a row - but there is one big exception - Zofinger Tagblatt
zofingertagblatt.ch/so-haben-sich-die-loehne-in-der-schweiz-entwickelt/
Inflation, operating costs had the biggest impact on Asian firms last year, survey shows
cnbc.com/2024/04/25/inflation-biggest-hurdle-for-firms-in-southeast-asia-greater-china-uob.html
Chalmers’ high-wire act just got harder: For two years, the Reserve Bank has been talking about negotiating a narrow economic path. But inflation is buried deep ...
theage.com.au/politics/federal/chalmers-high-wire-act-just-got-harder-20240424-p5fm5g.html
Bonds at Risk from Asia’s Most Inflation-Sensitive Central Bank: Emerging Asia’s worst-performing sovereign bonds are at risk of further declines as the ...
bloomberg.com/news/articles/2024-04-25/bonds-at-risk-from-asia-s-most-inflation-sensitive-central-bank
Paid articlePaid Consumer study: Consumers want to buy more again: Inflation and high prices have recently severely affected the desire to shop. A survey by the Hans Böckler ...
lebensmittelzeitung.net/handel/nachrichten/konsumstudie-verbraucher-wollen-wieder-mehr-einkaufen-177375
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Home price rise would be subdued at 5% in FY25: India Ratings: Residential prices have moved up 22% y-o-y at the start of FY24 and would be subdued at around 5% ...
financialexpress.com/business/industry-home-price-rise-would-be-subdued-at-5-in-fy25-india-ratings-3466309/
Oil prices up over fall in US stockpiles and Middle East tensions: Decrease in US commercial crude oil stocks and tensions in Middle East support higher prices
yenisafak.com/en/news/oil-prices-up-over-fall-in-us-stockpiles-and-middle-east-tensions-3682072
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Does Australia’s higher-than-forecast 3.6% inflation dash hopes for an interest rate cut?
theguardian.com/australia-news/2024/apr/25/does-australias-higher-than-forecast-36-inflation-dash-hopes-for-an-interest-rate-cut
Taiwan 2024 GDP forecast is 3.29% | Taiwan News | Apr. 25, 2024 14:16
taiwannews.com.tw/en/news/5673279
Iran-Israel war: Impact on the economy and financial markets - Companies - The Jakarta Post
thejakartapost.com/business/2024/04/24/iran-israel-war-impact-on-the-economy-and-financial-markets.html
Nestle misses sales estimates after hiking prices across the board: Nestle on Thursday missed first-quarter organic sales growth estimates, as the world's ...
reuters.com/business/retail-consumer/nestle-misses-quarterly-sales-estimates-2024-04-25/
Good News for Biden on Growth, Bad News on Inflation Fight: This is Washington Edition, the newsletter about money, power and politics in the nation’s capital ...
bloomberg.com/news/newsletters/2024-04-24/good-news-for-biden-on-growth-bad-news-on-inflation-fight
Sustainability: Unpackaged stores could have overcome the low point: Inflation and changing consumer behavior have hit unpackaged stores hard ...
lebensmittelzeitung.net/handel/nachrichten/nachhaltigkeit-unverpackt-laeden-koennten-tiefpunkt-ueberwunden-haben-177367
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BOJ to check effects of rate hike amid weak yen at policy meeting - The Mainichi: TOKYO (Kyodo) -- The Bank of Japan is widely expected to leave its policy rate ...
mainichi.jp/english/articles/20240425/p2g/00m/0bu/011000c
More and more bankruptcies - also in the region: The reasons for the increasing number of company bankruptcies in the canton of St. Gallen are still the ...
wundo.ch/artikel/immer-mehr-konkurse-auch-in-der-region/
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HECS debts set for $1250 setback following fresh inflation figures: Higher-than-expected inflation figures released today aren't just bad news for home- and ...
9news.com.au/finance/student-debt-hecs-help-indexation-march-inflation-data/5e837781-ab9f-4602-9260-faff7b9dfcec
The Surprising Way Inflation Can Be Good for People With Debt: New research shows that most people are unaware inflation can help consumers — by making it easier ...
money.com/inflation-easier-to-pay-off-debt/
Long-lost Klimt portrait goes under the hammer at Vienna auction : The auction house estimates the painting's value at up to €50 million ...
euronews.com/culture/2024/04/24/long-lost-klimt-portrait-goes-under-the-hammer-at-vienna-auction
Quick Glance: Klimt's 'Portrait of Miss Lieser' Sells for $32 Million Euros at Auction
- Klimt's 'Portrait of Miss Lieser' sells for $32 million euros at auction despite subject's uncertainty.
- The painting depicts a young woman in a turquoise dress and floral gown against a red background.
- The current owners reached a 'fair and just solution' with the legal successors of the Lieser family.
- The painting's history post-Klimt's death and during the Nazi era raises significant questions.
Social Security’s COLA formula could change under new proposal: Using a different index to measure Social Security’s cost-of-living adjustment could better ...
marketwatch.com/story/social-securitys-cola-formula-could-change-under-new-proposal-and-mean-higher-benefits-for-seniors-6922097c
Local tourism spending in Türkiye more than doubles in 2023: Local spending on tourism in Türkiye more than doubled in 2023, official data showed Wednesday ...
dailysabah.com/business/tourism/local-tourism-spending-in-turkiye-more-than-doubles-in-2023
Why experts say you should lock in a savings rate now – before it’s too late: Saving providers are pulling some of the best deals from the market as they are ...
inews.co.uk/inews-lifestyle/money/saving-and-banking/experts-say-lock-savings-rate-before-too-late-3021995
Milei’s team sees inflation slowing faster than economist survey: President Javier Milei’s economic team sees monthly inflation slowing much faster this year ...
batimes.com.ar/news/economy/mileis-team-sees-argentinas-inflation-slowing-faster-than-economist-survey.phtml
Bank of Canada Officials Split on How Soon Rate Cuts Could Start, Minutes Say: Senior Bank of Canada officials were divided on how soon the central bank could ...
wsj.com/articles/bank-of-canada-officials-split-on-how-soon-rate-cuts-could-start-minutes-say-b3d33899
How 4% Could Be the New Inflation Target: Whether explicitly or implicitly, central banks look likely to take a more flexible approach in future.
bloomberg.com/news/newsletters/2024-04-24/how-4-could-be-the-new-inflation-target
Grocery bills drive views on economy. Wisconsin is gloomy heading into election. | Opinion
jsonline.com/story/opinion/2024/04/24/inflation-uw-madison-wisconsin-voters-campaign-politics/73415984007/
Market Turbulence: Ibovespa Falls and Dollar Rises: Amidst a day of mixed fortunes on the Brazilian stock market, the Ibovespa, Brazil's primary stock index ...
riotimesonline.com/market-turbulence-ibovespa-falls-and-dollar-rises/
How tight labor markets fuel a productivity surge: Scarce workers give companies extra incentive toward efficiency.
axios.com/2024/04/24/labor-market-worker-productivity-fed-economy
Canadians more likely to eat food past best-before date. What are the risks? - National | Globalnews.ca
trib.al/VHuT7Od
BOJ to discuss impact of yen's rapid slide at this week's policy meeting: TOKYO -- Policymakers at the Bank of Japan are expected to focus on the effects of a ...
asia.nikkei.com/Economy/Bank-of-Japan/BOJ-to-discuss-impact-of-yen-s-rapid-slide-at-this-week-s-policy-meeting
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‘A blow to the soul.’ Inflation forces Mid-Cities food pantry to close after 25 years
star-telegram.com/news/local/article287770815.html
Inflation, War and Expensive Housing: What “Gen Z” Worries Most: Inflation, war and expensive housing - These are the biggest concerns of young people in Germany ...
faz.net/aktuell/gesellschaft/menschen/inflation-krieg-und-teurer-wohnraum-worueber-sich-gen-z-am-meisten-sorgt-19675411.html
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