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May 2022
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Eighty percent of millennials report that they would like to buy a home, and a majority even say that it's part of their five-year plan. Yet 68 percent have less than $1,000 saved. Almost half, or 44 percent, have saved nothing at all, according to new data from Apartment List. Apartment List reports that "72 percent [of millennials] said affordability is the primary obstacle" to purchasing real estate. And many of those who have been to college are hampered by the

Manufacturing in New York state rebounded this month to the highest level since 2014, another sign of strength for America's factories. The Federal Reserve Bank of New York says its Empire State manufacturing index climbed to 19.8 after falling to minus-1 in May. Readings above zero show that factories are expanding. The new orders index rose to 18.1 after registering minus-4.4 in May. But hiring slowed: The employment index came in at 7.7, positive but down from 11.9 in May. Manufacturing in