Sears opens its first Home & Life stores and plans to open more as it looks for a fresh start after bankruptcy.Retailread more
Former Foreign Minister Boris Johnson is seen as the bookmaker's favorite to succeed outgoing Prime Minister Theresa May.Europe Politicsread more
Facebook's founder Mark Zuckerberg has held talks with the Winklevoss twins, his old rivals, about the social media giant's developing digital currency, the Financial Times...Bitcoinread more
An analyst for Ark Invest, which has a major investment in Tesla, says recent drastic price-target cuts by others on Wall Street are missing the big picture.Investingread more
The markets have been slow to recognize the high-stakes game that's playing out on the world stage.Economyread more
May had failed to win a parliamentary majority on Britain's withdrawal from the European Union.Europe Politicsread more
The Trump administration proposed Friday to roll back health-care protections for transgender people by ending an Obama-era policy that prohibited health providers from...Health and Scienceread more
Analyst Michael Olson says he has "a high degree of confidence" that Amazon shares can reach the level without "significant changes to the business."Investingread more
House Judiciary Committee Chairman Jerry Nadler says Mueller told the committee he would make his opening statement before the public.Politicsread more
The biggest U.S. gasoline price surge in years is running out of steam just in time for the start of the summer driving season.Energyread more
A downgrade from BMO analysts led to an unsavory drop in Chipotle's stock, and some analysts are advising waiting out the weakness.Trading Nationread more
Younger Americans who are still paying off student loans have a lot less money—and a lot more overall debt—than those who don't have any student loans, a new report finds.
It's not clear why, but the report from Pew Research Center said one possible explanation is that people paying off hefty student loans have trouble gaining financial footing because they are bogged down by those college bills. Another possibility is that, as more people go to college, the wealth gap between those who borrow for college and those who don't is widening.
The Pew report found that nearly 4 in 10 households headed by a person under 40 has some student loan debt, a record high. The median student loan debt for that group was about $13,000.
The difference between those households and the ones with no student loan debt was striking.
Among college graduates, the report found that younger households with student loan debt had a median net worth of $8,700. For college grads without student loans to worry about, median net worth was $64,700.
The college graduates with student loan debt also had nearly twice as much overall debt as those without student loans. The median total debt for those younger households was $137,010, compared with $73,250 for those without student loans. Total debt include things such as mortgages, car loans and credit card debt.
The Pew analysis was based on the 2010 Survey of Consumer Finances, a detailed look at Americans' financial well-being.
It did offer one bright spot for those burdened by student loan debt: They are making a lot more money than those who didn't get a college degree at all.
The Pew researchers found that the typical household income of college-educated households with student loan debt was $57,941, compared with $32,528 for those headed by someone without a bachelor's degree.
That's in keeping with other Pew research showing that despite the costs, it pays to go to college — perhaps more than ever.
—By CNBC's Allison Linn.