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Recession Briefing 10.21: Downturn Sends College Prices Up

What you need to know today to survive and thrive in the recession.

The recession helped push up the cost of college this year, with students facing bigger bills because of reduced state spending on higher education and diminished campus endowments. Four-year public colleges in the U.S. raised annual tuition and fees by an average 6.5%, to $7,020 this fall. (Los Angeles Times)

The financial panics of last September and October will always be part of the story of this recession. But recent research questions the claim that the financial panics themselves contributed to their contemporaneous and severe employment downturns. (New York Times/Economix)

A British survey has found that more people are visiting museums during the recession. (Art Daily)

While the stereotype of the male breadwinner is still alive in many people’s minds, experts say the reality is that a growing number of women are earning as much, if not more than, their husbands. In 2007, 25.9 percent of wives were earning more than their husbands in households where both spouses work. (MSNBC)

There’s a good chance lawmakers will decide to extend some of the stimulus measures included in the $787 billion economic recovery package passed in February and possibly create some new ones as well. (CNN/Money)

Check out this roundup of ten consumer products that boomed during the recession. (U.S. News & World Report)

The crisis that shattered several of the nation’s largest banks also damaged the bank towns, the smaller cities that became financial centers in recent years — less celebrated than New York but even more dependent on the industry. (Washington Post)

President Barack Obama will announce initiatives today aimed at boosting credit to small businesses, as the White House tries to address a complicated issue many believe is dragging on the economy. (Wall Street Journal)

Graduating in a recession is an unlucky break. The unemployment rate for 20 to 24 year olds was 14.9% in September, swamping the nation’s 9.8% rate. Here are how some recent graduates are faring. (Wall Street Journal)

In Visalia, Calif., hundreds of homeless people will be pushed out of a tent city by the local government in November. The encampment, which is home to about 200 people, has no water or garbage pickup, and only makeshift sanitation. (Huffington Post)

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Tags: art, economy, education, personal finance, The Unemployed Life, Wall Street