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...
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...
Number of Americans in
Car Loan Debt Skyrockets The New York Federal Reserve says that seven million Americans owed payments at the end of last year. That's up from 6 million in 2010. This means that..
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While the U.S. economy appears to be booming, with loads of new jobs and low unemployment figures, Americans themselves aren't exactly in a strong financial position. Indeed, Business Insider reports..