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Rising household debt and shrinking incomes are setting the stage for a recession, top economist says
The US economy has two imbalances that could tip it into a downturn, according to economist David R…
Jennifer Sor
With stock markets crashing worldwide, are fears of a recession loading in the US pre-mature?
Even Goldman Sachs economists have upped the probability of recession hitting the US by 2025 to 25%…
I'm 31 and I live with my parents and grandmother. I'm not ashamed of it, and I love my multigenerational household.
I'm 31 and live with my parents and grandmother. It wasn't always my plan to move back home, but I …
Ces Heredia
Jamie Dimon says the 'Buffett rule' approach to taxing the wealthy could solve America's debt problem
The JPMorgan CEO cited the famed rule that million-dollar households should not pay taxes on a lowe…
Filip De Mott
Household debt in India does not pose systemic concern: RBI
Despite the recent increase in financial liabilities, household debt in India is much lower than in…
‘Confident’ Indians might splurge on big-ticket items in 2024
The ghost of the pandemic is now a thing of the past. Consumer confidence index which hit a five-ye…
Don't worry about US debt because household wealth is 4 times bigger, former Fed economist says
"Politics is the real threat, not the level of borrowing. A country that prioritizes the size of th…
Filip De Mott
People are raiding their savings and racking up debt, paving the way for economic pain, expert warns
Soaring prices and borrowing costs mean people are spending nearly every dollar they have just to s…
Theron Mohamed
After paying $25,000 of credit-card debt, I'm ready to make the most of my clean slate
I didn't spend money irresponsibly, but I still found myself deep in debt and paying off interest e…
Kelly Burch
Americans are facing a credit card debt crisis
The US is facing a credit card debt crisis as balances and delinquencies soar.
Cork Gaines
Vacations, planes, and high-speed trains are off limits if you're in too much debt in China
So-called deadbeat debtors are stigmatized, face travel restrictions and have trouble getting gover…
Camilo Fonseca
China's economy is at risk of a brutal 'debt-deflation spiral'
Experts say policymakers in Beijing must intervene to prop up the economy and stabilize markets, an…
Phil Rosen
An ALICE has $250,000 in student loan debt and left teaching for a stable job: 'There are many teaching college who are hungry and can't go to the doctor'
Murphy Pizza, 51, worked as an adjunct professor for most of her career. She left academia because …
Allie Kelly
Pricey stocks and homes, shaky banks, office turmoil, and people's debt woes are all worrying the Fed
Federal Reserve researchers flagged lofty asset valuations, commercial real estate pressures, vulne…
Theron Mohamed
How struggling student-loan borrowers could qualify for debt cancellation under Biden's second attempt at relief
The Education Department unveiled plans for student-debt relief for borrowers facing financial hard…
Ayelet Sheffey
The economy has run out of dry powder as inflation has slashed excess household savings, investment firm says
For most Americans, inflation has eaten away at excess savings from the pandemic. That spells troub…
Jennifer Sor
China's problems boil down to demand, derisking, demographics, and debt, economist says
China's economic mess is being caused by "four D's," and the country's leaders are going about solv…
Aruni Soni
China risks falling into a vicious cycle of deflation and debt, Morgan Stanley economist says
Faced with costlier debt burdens, companies could be forced to curtail growth, weighing further on …
Filip De Mott
Americans notched the biggest annual increase in credit card debt on record last quarter
US credit card debt climbed $154 billion year-over-year last quarter, the largest such increase sin…
Phil Rosen
A Boston guaranteed income program gave families $583 a month. It helped them buy first homes and pay off debt.
A Boston guaranteed income program said that after two years, participants bought their first homes…