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3:00 AM EST, Feb 13, 2020
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The student debt squeeze: a look at 3 people's budgets
January 20, 2020
A handful of people with student debt, from a copy writer in Morehead, Kentucky, to an English professor in Yakima, Washington, provided CNBC with a snapshot of their budgets.
Global debt hits new record of $253 trillion and is set to grow even more this year
January 14, 2020
The world's debt when compared against its total output hit another all-time high of over 322% in the third quarter of 2019, the IIF said in a new research report.
Rising debt used for financial risk-taking could leave major economies vulnerable, IMF says
December 17, 2019
The increasing trend of using corporate debt for speculative financial gambles could make the global economy more vulnerable in the next downturn, the International Monetary Fund (IMF) has warned.
Billionaire hedge fund manager Ray Dalio says the economy isn't growing because 'the world has gone mad'
November 06, 2019
The founder of Bridgewater Associates, the world's largest hedge fund, recently spelled out his thesis on why the economy is broken in a LinkedIn post titled: "The World Has Gone Mad and the System Is...
Chase gives some credit card holders a surprise gift: debt forgiveness
August 08, 2019
If you're a certain Chase credit card account holder in Canada, there's good news: The firm is forgiving those balances. Credit card debt forgiveness is such a rarity that experts warn not to expect it...
Mnuchin Says Markets Shouldn't Be 'Concerned' With Debt Ceiling
July 18, 2019
U.S. Treasury Secretary Steven Mnuchin said in a CNBC interview Thursday that under "the most conservative" scenario there may ...
American Investors More Worried About Trade War Than National Debt
August 27, 2019
A new survey commissioned by a financial magazine, Sophisticated Investor, revealed the average American investor is more concerned about the US-China trade war over anything when considering the...
Debt and deficits won't be as bad as feared but are still dangerous, CBO says
June 25, 2019
The Congressional Budget Office estimated Tuesday that the national debt will rise to 141% of the economy over the next 30 years — 11 percentage points lower than the agency projected last year.
The US Treasury is calling for mandatory financial literacy courses for college students
June 19, 2019
"A lack of financial education and financial literacy is common among the student population," according to a Treasury report. But institutions can address this if they require mandatory financial...
76% of Americans have 'at least one' financial regret—here's what they wish they could change
May 29, 2019
A whopping 76% of Americans have a regret about the way they've handled their money, according to personal-finance website Bankrate's May Financial Security Index.
Global debt is up 50% over the past decade, but S&P still says next crisis won't be as bad
March 12, 2019
The lower danger level is due largely to the nature of the debt — primarily driven by government borrowing in sovereign countries, rather than a private sector surge.
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