Canada is known for many things: a polite general public, a high standard of living and corrupt government officials. However, there is another attribute to add to the image of the Great White North: a world leader when it comes to debt. A new report published by the McKinsey … [Read more...]
Paying Down Debt is Canadians No. 1 New Year’s Resolution
This is the time of the year when everyone starts reflecting on the last 12 months and then proceed to come up with a number of resolutions for the next 12 months. Saving more money, losing weight, paying off debt, exercising more and improving upon one's career are usually the most … [Read more...]
Average Household Debt Rises to $61k Under Obama’s Watch
The national debt remains one of the most important issues facing the United States today. Since the beginning of the President George W. Bush administration, the country’s overall debt levels have soared drastically, which has led to a number of different proposals that would … [Read more...]
One-third of Americans facing debt collectors over unpaid bills
Although government statistics suggest that the economy may be improving, debt still remains an important factor in millions of households across the country. In total, U.S. household consumer debt is reaching $12 trillion, a number that has actually increased three percent from last … [Read more...]
Study finds medical debt ruining American credit reports
Millions of healthcare patients across the United States are suffering from large sums of medical debt due to the growing costs of medical care, a paucity of insurance and questionable practices of healthcare institutions. It is quite easy for a patient to rack up anywhere from … [Read more...]
One-third of Americans have overdraft, nearly half carry credit card debt
Despite the number of households and consumers trying to lower their various debt burdens, credit card debt remains to be a prevalent issue across the United States today. The latest findings could prove to be more troublesome for a growing number of Americans, who have on average … [Read more...]
Federal Reserve data: Americans have more than $850 billion in credit card debt
Despite the total amount of credit card debt decreasing since the Great Recession, Americans are still drowning in it and addicted to credit. According to economic data published by the Federal Reserve, credit card debt totals nearly $850 billion – it dropped by $2.4 billion in … [Read more...]
Poll: Low- and middle-income families concerned about personal finance
The economic situation in the United States today continues to be one of the most important issues facing the country. The Federal Reserve has conceded that the labor market is worse than in any recession, the unemployment rate remains high and public and private debt are at record … [Read more...]
