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Stories Tagged as

Debt

Double whammy: Credit card debt grows as interest rates rise

by Savannah Maher
May 9, 2022
Americans have a $860 billion credit card balance, according to the Federal Reserve Bank of New York.
After paying down credit card debt for the past few years, Americans have gone back to high spending.
Joe Raedle/Getty Images
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What's the best way to navigate personal bankruptcy?

by Blake Farmer
Dec 27, 2021
For people pushed to the edge financially, bankruptcy can be an option. One nonprofit is trying to make the choice easier and less expensive.
Bankruptcy can be a lifeline for some, but it's still out of reach for many who can’t afford the roughly $1,500 it takes to hire an attorney and pay for court fees.
FuzzMartin via Getty Images
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Private equity will buy up companies to the tune of $1 trillion this year

by Matt Levin
Dec 17, 2021
Thanks, in part, to the pandemic — and the low interest rates that have accompanied it.
Private equity firms, largely invested in by endowments and pension funds, often buy companies saddled with debt, revamp them and sell them for a profit.
Marymary89 via Getty Images
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Inflation is painful, but there's an upside

by Matt Levin
Dec 8, 2021
Borrowers benefit because their debts can become less expensive.
Rawley Heimer, a professor of finance at Arizona State, says lawmakers from politically drawn districts tend to be less sensitive to voters' needs and put less pressure on lenders.
i_frontier via Getty Images
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What’s the payoff to hosting the Olympics?

by Dylan Miettinen
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
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COVID-19

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

by David Brancaccio , Chris Farrell , Daniel Shin and Erika Soderstrom
Mar 19, 2021
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
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COVID-19

Corporations pile on debt to survive pandemic

by Marielle Segarra
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
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Vehicle sales tell story of separate economic realities

by Erika Beras
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
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COVID-19

World Bank president forecasts "subdued" economic recovery for 2021

by David Brancaccio , Rose Conlon and Alex Schroeder
Jan 6, 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
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COVID-19

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

by Kimberly Adams
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
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