You Searched For "household debt" and got 17 results
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2 mins read
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
2 mins read
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…
2 mins read
8 million student-loan borrowers struggling to afford key long-term expenses could get debt cancellation through a new Biden proposal
The Education Department released its proposal to get student-debt relief to borrowers facing finan…
Ayelet Sheffey
3 mins read
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
1 min read
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
2 mins read
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
2 mins read
Delinquent debt is piling up. Here's why it's not a reason to worry about the US consumer, according to BofA CEO Brian Moynihan.
More credit card debt and car loans transitioned into late payment status last quarter, per the New…
Jennifer Sor
5 mins read
A millennial couple details how they went from $150,000 in debt to a net worth of $1.5 million in a decade without elite jobs or risky investments
Lawrence Delva-Gonzalez grew his net worth through investing heavily in retirement accounts, buying…
Noah Sheidlower
4 mins read
Americans are facing a credit card debt crisis
The US is facing a credit card debt crisis as balances and delinquencies soar.
Cork Gaines
2 mins read
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
3 mins read
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
2 mins read
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
2 mins read
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
2 mins read
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
2 mins read
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
2 mins read
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
4 mins read
6 charts that show the tough reality of life in South Korea, where household debt is among the highest in the world and where house prices in the capital rose by 22% last year
South Korea has one of the world's highest levels of household debt, which topped $1.5 trillion ear…