The Indicator from Planet Money Running the numbers on deportation, interest rates and math
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Jan 31, 2025 Discover the intriguing reasons behind stagnant math scores among American 8th graders and the startling economic implications of mass deportation policies. Delve into the Federal Reserve's recent interest rate strategies and the nuanced language that shapes public perception. Explore how pandemic learning gaps might cost students dearly in future earnings and the surprising improvement in Alabama's fourth graders. Join experts as they unpack these pressing issues with sharp insights and engaging discussions.
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Fed's Cryptic Pause
- The Federal Reserve paused interest rate hikes after three consecutive cuts.
- They removed "has made progress" regarding inflation from their statement, causing confusion.
Deportation Costs
- Homeland Security needs $26.9 billion for the first year to meet Trump's deportation promises.
- This is significantly more than ICE's $8 billion annual budget, revealed in an internal memo.
Declining Math Scores
- Only 28% of American eighth-graders are proficient in math, down from pre-pandemic levels.
- This decline could lead to a $20,000 loss in lifetime earnings per student.