When it comes to what goes on in the marble corridors of the Federal Reserve, Americans tend to be suspicious. For different reasons, both the right and the left have challenged Fed policies aimed at bolstering the economy in the wake of the Great Recession.
Puerto Rico, though it is not a state, has the privilege of issuing municipal bonds. Interest on those bonds is free from U.S. taxes. Typical municipal bonds pay 3 percent returns these days. But Puerto Rico's municipal bonds pay 8 percent or more.
Every year, students prepare themselves for a world of new experiences. Unfortunately, one of these experiences includes taking on a large amount of debt. Students are burdened with an average around $30,000 in student loans before they even enter the workforce.
Poor money management is the number one reason consumers experience debt disasters. If you suspect you might be on the brink of a financial disaster, here are five tell-tale signs that you need to make some serious financial adjustments.
As part of the spring cleaning of your money house, let your mantra be, "I'm going to stop making everybody else rich, and start living a rich and sustainable life here and now!" Below are 10 ways to put more dough in your wallet.
SANTIAGO -- The bulk of that debt is in Asia, with China alone accounting for approximately $1 trillion. Other big dollar borrowers include Brazil (over $300 billion) and India ($125 billion). Countries such as Malaysia, South Africa, and Turkey, plus Latin America's more financially open economies, also have rising foreign currency debts.
Anyone can die leaving debt behind. Spouses and families should help prepare or revise estate plans to address current credit issues and create an action plan for the possibility of remaining debt after the borrower dies.
We have to remember that the same banks responsible for so much of the financial strife, confusion, and crisis are guided by social forces. When we believe our financial systems are beyond our control, we neglect our responsibility to those most impacted by its flaws.
There are many resources for student loan borrowers trying to figure out repayment, and some go to financial planners for advice on how to manage their student loan debt as a part of a broader financial strategy that will carry them into retirement.
Noah Fischer has been working to expose the exploitative labor conditions that the Guggenheim has undertaken building its museum in Abu Dhabi, and is a strategist and organizer of direct actions on the topic of debt.
Debt settlement companies can be helpful, but consumers should learn about how these services work before making any agreement. Here's what you need to know to determine whether debt settlement is right for you.
Graduating from college debt-free feels really good. When Ja'Net Adams got her degree from South Carolina State in 2003, she was one of those fortunate students who started her adult life without debt, and things went along really well for her. Then, in 2008, she lost her job.
In today's economic climate, personal bankruptcy has climbed at an alarming rate. Here are the top 10 reasons why people go bankrupt.
Finding tips to save money is easy, but what are the things that make us go broke? If you're doing any of the following you might already be on the path of financial destruction.
Every part of an economy is aggressively pursuing the necessary capital to continue to grow. When governments crowd out that necessary capital in deficits, debt, and interest on the debt, economies cannot help but struggle where ever such policies exist.
We should have until September before the Debt Ceiling debate starts making headlines again. If there is a backdoor deal, there will be an uneasy calm, and relief, on Wall Street. If the debate heats up, then volatility is likely to roil the markets.