What’s the payoff to hosting the Olympics?

Jul 23, 2021
The Tokyo Olympics is likely to lose money — potentially in the billions. Tokyo won't be the first host city to take that hit.
People take a photo of the Olympic Rings outside the stadium during the opening ceremony of the Tokyo 2020 Olympic Games on July 23, 2021 in Tokyo, Japan.
Lintao Zhang via Getty Images

Despite more savings, American households still have a lot of debt

Who's taking on debt for what reasons, and why paying it down is good for your financial and mental health.
Recent data from the Federal Reserve Bank of New York shows the overall amount of household debt increased steadily in 2020.
Chainarong Prasertthai via Getty Images

Corporations pile on debt to survive pandemic

Jan 25, 2021
But eventually they'll need to make enough money to pay it back. Will changes in consumer behavior be permanent?
The pandemic has left corporations like AMC with no option but to go into debt in order to see another day.
Angela Weiss/Getty Images

Vehicle sales tell story of separate economic realities

Jan 15, 2021
The average selling price of new vehicles reached a record high in late 2020. Last year also saw vehicle loan debt increase to record levels.
Prices rose in both the new and used vehicle markets last year.
Spencer Platt/Getty Images

World Bank president forecasts "subdued" economic recovery for 2021

And that's if vaccine distribution stays on track, David Malpass says.
"If you only come back 4% this year [in growth for the world economy], you're not back to where you were, even at the end of 2021," World Bank President David Malpass said.
Samuel Corum/Getty Images

Millions of renters face holiday evictions — and long-term debt

Dec 9, 2020
Even if someone manages to avoid or recover from an eviction, unpaid rent can have a damaging effect that lasts for years.
Renters and housing advocates attend a protest to cancel rent and avoid evictions during the coronavirus pandemic, in Los Angeles, California, on Aug. 21, 2020.
Valerie Macon/AFP via Getty Images

More people unable to pay utility bills, with colder months coming

Nov 13, 2020
Electric and gas debt is expected to be more than $24 billion by the end of this year, at least three times what it was last year.
The protections against shut-offs are lifting and disconnections have already begun.
Justin Sullivan/Getty Images

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Are zero interest credit cards easier or harder to get in this pandemic?

Aug 20, 2020
Some credit experts say that if Congress does not pass a new relief bill soon, credit card offers could dry up more.
Another month, another monthly credit card bill.
Damien Meyer/Getty Images

CFPB rolls back restrictions on payday lenders

Jul 9, 2020
Lenders will not have to verify whether borrowers have the ability to pay back high-interest loans
About 12 million Americans take out payday loans every year, mostly to cover necessities like rent or utilities.
EHStock via Getty Images

In China, chasing debt after the COVID-19 lockdown

Jun 23, 2020
Delayed payments are a normal part of doing business in China. That works OK when the economy is bustling — but not anymore.
A recent survey showed 66% of Chinese firms had clients delay payments last year. Then the pandemic hit.
Charles Zhang/Marketplace