Daniel Mangrum
@danielmangrum.com
Economist at NY Fed studying consumer finance, household debt, education, and urban topics.
Occasional NBA and NYC/BK content.
Views are all mine.
www.danielmangrum.com
Occasional NBA and NYC/BK content.
Views are all mine.
www.danielmangrum.com
Reposted by Daniel Mangrum
"Buy Now, Pay Later" apps like Affirm, Klarna and Afterpay have built a delirious new culture of consumption — and trapped users in a vortex of debt.
Klarna, Affirm, Afterpay: How ‘Buy Now Pay Later’ Built a New Culture of Consumption
‘Buy Now, Pay Later’ has built a delirious new culture of consumption — and trapped users in a vortex of debt.
nyti.ms
October 7, 2025 at 5:30 PM
"Buy Now, Pay Later" apps like Affirm, Klarna and Afterpay have built a delirious new culture of consumption — and trapped users in a vortex of debt.
Reposted by Daniel Mangrum
Very cool new paper from @danielmangrum.com and others at the NY Fed investigating BNPL. Conclusion: BNPLs are negatively-selected to consumers with worth credit, meaning the space is generally expanding credit with its growth.
www.newyorkfed.org/medialibrary...
www.newyorkfed.org/medialibrary...
October 7, 2025 at 4:00 PM
Very cool new paper from @danielmangrum.com and others at the NY Fed investigating BNPL. Conclusion: BNPLs are negatively-selected to consumers with worth credit, meaning the space is generally expanding credit with its growth.
www.newyorkfed.org/medialibrary...
www.newyorkfed.org/medialibrary...
Hands down best example of AI enhanced productivity. Shoutout to peach puff
June 9, 2025 at 7:27 PM
Hands down best example of AI enhanced productivity. Shoutout to peach puff
We are SO back
May 29, 2025 at 2:46 PM
We are SO back
A few student loan stats.
First 4 from our new blog post, last 2 from ED.
1. Nearly 1 in 4 student loan borrowers with a payment due was past due at the end of the first quarter
libertystreeteconomics.newyorkfed.org/2025/05/stud...
First 4 from our new blog post, last 2 from ED.
1. Nearly 1 in 4 student loan borrowers with a payment due was past due at the end of the first quarter
libertystreeteconomics.newyorkfed.org/2025/05/stud...
May 15, 2025 at 10:02 PM
A few student loan stats.
First 4 from our new blog post, last 2 from ED.
1. Nearly 1 in 4 student loan borrowers with a payment due was past due at the end of the first quarter
libertystreeteconomics.newyorkfed.org/2025/05/stud...
First 4 from our new blog post, last 2 from ED.
1. Nearly 1 in 4 student loan borrowers with a payment due was past due at the end of the first quarter
libertystreeteconomics.newyorkfed.org/2025/05/stud...
We have two new blog posts based on our (typically) annual Student Loan Update. The first one documents how the pandemic upended many trends with student loan balances, repayment, and delinquency. We also discuss whether we think those trends will revert now that pandemic supports have ended.
Student Loan Balance and Repayment Trends Since the Pandemic Disruption - Liberty Street Economics
A look at how the COVID-19 pandemic and its subsequent policy responses disrupted long-term trends underlying U.S. student loans.
libertystreeteconomics.newyorkfed.org
March 27, 2025 at 8:10 PM
We have two new blog posts based on our (typically) annual Student Loan Update. The first one documents how the pandemic upended many trends with student loan balances, repayment, and delinquency. We also discuss whether we think those trends will revert now that pandemic supports have ended.
Imagine telling your 10-year-ago self that we might have found the cure for cancer and just decided… “Nah”
Exclusive: NIH officials have advised scientists to remove reference to mRNA vaccines from their grant applications, in expectation the Trump administration intends to abandon most research in the field.
By @arthurallen202.bsky.social
kffhealthnews.org/news/article...
By @arthurallen202.bsky.social
kffhealthnews.org/news/article...
Scientists Say NIH Officials Told Them To Scrub mRNA References on Grants - KFF Health News
Two senior scientists say National Institutes of Health officials advised them to remove references to mRNA vaccines in grant applications, and they fear the Trump administration will abandon a promis...
kffhealthnews.org
March 17, 2025 at 1:28 AM
Imagine telling your 10-year-ago self that we might have found the cure for cancer and just decided… “Nah”
They’ve also deleted the page dedicated to the 761st Tank Battalion (my grandfather’s WWII unit) which was the first all black tank battalion.
Archive:
web.archive.org/web/20240625...
Page was here:
www.army.mil/blackamerica...
Archive:
web.archive.org/web/20240625...
Page was here:
www.army.mil/blackamerica...
March 14, 2025 at 1:20 PM
They’ve also deleted the page dedicated to the 761st Tank Battalion (my grandfather’s WWII unit) which was the first all black tank battalion.
Archive:
web.archive.org/web/20240625...
Page was here:
www.army.mil/blackamerica...
Archive:
web.archive.org/web/20240625...
Page was here:
www.army.mil/blackamerica...
Anyone up for a beer this week at #AEFP in DC?
The Trump administration is planning to cut the staff at the Education Department by about 50 percent. @liamknox.bsky.social and @jessicablake.bsky.social on what we know now about the layoffs.
www.insidehighered.com/news/governm...
www.insidehighered.com/news/governm...
Education Department to reduce staff by half
Ahead of the announcement, the department told staff that DC offices would be closed on Wednesday and reopen Thursday for “security reasons.”
www.insidehighered.com
March 11, 2025 at 10:40 PM
Anyone up for a beer this week at #AEFP in DC?
Your outie submits all of his referee reports on time and offers helpful feedback, never asking the author to cite his own work.
February 21, 2025 at 3:44 AM
Your outie submits all of his referee reports on time and offers helpful feedback, never asking the author to cite his own work.
And this is why we winsorize.
“Kennedy's credit card balances range between $610,000 and $1.2 million in accounts that carry interest rates of 23.24% to 23.49%, the filing shows.” www.cnbc.com/amp/2025/02/...
RFK Jr. had up to $1.2 million in credit card debt — what experts say about tackling high balances
Robert F. Kennedy Jr.'s recent financial disclosures show a "massive" amount of credit card debt, according to experts.
www.cnbc.com
February 8, 2025 at 4:35 AM
And this is why we winsorize.
Trade is supposed to exist to improve both parties. Shortsighted moves like this just drive both into the ground.
Luka and LeBron are both ball dominant and this leaves the Lakers with no bigs. Dallas just lost the centerpiece to the future of their franchise for an oft-injured 32 year old.
Luka and LeBron are both ball dominant and this leaves the Lakers with no bigs. Dallas just lost the centerpiece to the future of their franchise for an oft-injured 32 year old.
February 2, 2025 at 12:42 PM
Trade is supposed to exist to improve both parties. Shortsighted moves like this just drive both into the ground.
Luka and LeBron are both ball dominant and this leaves the Lakers with no bigs. Dallas just lost the centerpiece to the future of their franchise for an oft-injured 32 year old.
Luka and LeBron are both ball dominant and this leaves the Lakers with no bigs. Dallas just lost the centerpiece to the future of their franchise for an oft-injured 32 year old.
😐
Congestion pricing convinces driver to switch to transit. His commute improves. He still opposes congestion pricing.
What are you even supposed to do with this?
What are you even supposed to do with this?
January 28, 2025 at 1:40 PM
😐
🥰
Beautiful stuff. Congestion pricing is working!
Can’t get enough of these congestion pricing anecdotes via @dodai.bsky.social nytimes.com/2025/01/11/nyregion/new-york-congestion-pricing-reaction.html
January 11, 2025 at 11:36 PM
🥰
Anecdote from my spin instructor this morning:
“What do yall think about this congestion pricing? At first, I was pissed. Paying $9 just to go through the city? But I’ll tell you what. I had to go from Brooklyn into Jersey the other day and normally that would’ve taken an hour and a half…
“What do yall think about this congestion pricing? At first, I was pissed. Paying $9 just to go through the city? But I’ll tell you what. I had to go from Brooklyn into Jersey the other day and normally that would’ve taken an hour and a half…
January 11, 2025 at 6:22 PM
Anecdote from my spin instructor this morning:
“What do yall think about this congestion pricing? At first, I was pissed. Paying $9 just to go through the city? But I’ll tell you what. I had to go from Brooklyn into Jersey the other day and normally that would’ve taken an hour and a half…
“What do yall think about this congestion pricing? At first, I was pissed. Paying $9 just to go through the city? But I’ll tell you what. I had to go from Brooklyn into Jersey the other day and normally that would’ve taken an hour and a half…
Happy Congestion Pricing Day to all who celebrate
January 5, 2025 at 12:52 PM
Happy Congestion Pricing Day to all who celebrate
NBA might need a mercy rule…
December 20, 2024 at 3:05 AM
NBA might need a mercy rule…
Reposted by Daniel Mangrum
Post-COVID ridership record: The subways recorded 4,374,300 paid riders on Wednesday, December 4.
That is a new pandemic era high and 82% of the pre-pandemic peak.
That is a new pandemic era high and 82% of the pre-pandemic peak.
December 10, 2024 at 6:41 PM
Post-COVID ridership record: The subways recorded 4,374,300 paid riders on Wednesday, December 4.
That is a new pandemic era high and 82% of the pre-pandemic peak.
That is a new pandemic era high and 82% of the pre-pandemic peak.
An election result fit for even the finest of bandwidths.
The AP has finally called the election for Amendment 2 in Missouri: The state has indeed voted to legalize sports betting, 50.05% to 49.95%.
December 9, 2024 at 7:52 PM
An election result fit for even the finest of bandwidths.
Ja Morant really just did that🔥
December 8, 2024 at 2:32 AM
Ja Morant really just did that🔥
Reposted by Daniel Mangrum
The AEA Summer Fellows Program application portal is now open. #econsky aeaweb.org/about-aea/co...
December 5, 2024 at 2:22 PM
The AEA Summer Fellows Program application portal is now open. #econsky aeaweb.org/about-aea/co...
