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The world is swimming in $244 trillion of debt

Business Insider Wednesday, 16 January 2019
· *Global debt is hovering near an all-time high at $244 trillion, the Institute of International Finance said in a new report.*
· *The corporate sector has accounted for a third of global debt growth since 2016, placing the ratio of corporate debt to **gross domestic product at a record high. *
· *In a separate report from...
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News video: Fed Says Student Debt Is Preventing Millennials From Buying Homes

Fed Says Student Debt Is Preventing Millennials From Buying Homes 00:44

According to Business Insider, student debt has surpassed loans for cars and credit cards, rising to $1.5 trillion. That debt has led to fewer young Americans buying homes. A new Federal Rerseve report found that loans have reduced individuals' ability to afford a down payment and to secure mortgages...

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