debt
? Interactive Data Briefing: Household Debt as a Percentage of Disposable Income
Household debt service payments as a percentage of disposable personal income have risen since falling to a low during the COVID-19 pandemic. read more >
Household Debt Service Ratio Stood at 9.8% in Q4
The percentage of disposable personal income going to pay household debt was 9.8% in the fourth quarter of 2023, according to the Federal Reserve Bank of St. Louis. That was […] read more >
More People Make ‘No-Buy Year’ Pledges as Overspending or Climate Worries Catch Up With Them
What started several years ago as a blogged-about experiment in budgeting and mindful spending has become a popular trend on social media. read more >
by Associated Press -
Some Americans Will Get Their Student Loans Canceled in February as Biden Accelerates New Plan
Republicans in Congress tried unsuccessfully to block the new repayment plan through legislation and a resolution last year. read more >
by Scott Carroll -
Debt, Expenses Stress Lower Income Households
About half of U.S. adults in households earning less than $60,000 annually and about 4 in 10 of those in households earning $60,000 to $100,000 say they're very stressed by their personal finances. read more >
by Associated Press -
Credit Card Debt is at Record High as Fed Raises Rates Again
About 46% of people are carrying debt from month to month, up from 39% a year ago, according to Bankrate.com, an online financial information site. read more >
by Associated Press -
Corporate Borrowers Squeezed by Rising Rates
Companies that piled on debt throughout the pandemic and the economic recovery could be in for a tough road ahead as the bills come due. read more >
by Associated Press -
‘Zombie Debt’: Homeowners Face Foreclosure on Old Mortgages
Some homeowners believed their second loans were rolled in with their first mortgage payments or forgiven. Now they're being told the loans weren't dead after all. read more >
by Associated Press -
USDA Announces $1B in Debt Relief for Farmers
Farmers assisted by the program have been found by the USDA to be distressed borrowers hard hit by pandemic-induced market disruptions exacerbated by more frequent, more intense, climate-driven natural disasters. read more >
by Associated Press -
Small Business Group Sues Over Biden Student Loan Plan
Elaine Parker, president of Job Creators Network Foundation, slammed the program as executive overreach and complained that it does nothing to address the root cause of rising debt: the "outrageous increase in college tuition that outpaces inflation every single year." read more >
by Associated Press -
As ‘Buy Now, Pay Later’ Plans Grow, So Do Delinquencies
Another concern among advisers and consumer advocates, as well as Washington lawmakers and regulators, is the ease with which consumers can layer on these installment loans. read more >
Student Loan Forgiveness Could Help More Than 40 Million
Fulfilling a campaign promise, President Biden is erasing $10,000 in federal student loan debt for those with incomes below $125,000 a year, or households that earn less than $250,000. read more >
by Associated Press -
Westrock Reports Q1 Results Ahead of Public Listing
The Little Rock-based coffee and tea company said it narrowed its losses and upsized its new credit facility. read more >
Henderson State Plan Calls for Elimination of 25 Degree Programs
It also calls for 88 teaching positions to be cut, or about 37% of the school's instructional staff. read more >
by Scott Carroll -
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