We need to start at the beginning. Support our children. Educate all children. Rework the justice system. Help those who make small mistakes to atone for them and reintegrate successfully into society, rather than losing them into the system.
A great number of Americans are redefining the American Dream. That was the takeaway from a recent Credit.com poll, which showed that nearly one in four people between the ages of 18 and 24 defined the American Dream as being debt-free. Shockingly, that's more than those who dream of owning a home.
If you are having trouble paying your bills on time and are living paycheck to paycheck, you may benefit from going to a credit counselor to get your budget on track.
President Obama should simplify his economic message. He should talk about what America needs, and that we must pay to do it or Republicans will sit idly by and allow the country to crumble.
Which colleges are really to blame for the $1 trillion worth of student debt America holds? The worst offenders are probably for-profit colleges. The real source of America's student debt problem, however, is the country's public colleges and universities.
The last weeks of summer have been marked by renewed pressure of capital outflows and exchange rate devaluations in several systemically relevant emerging markets. This is just the latest round of a global portfolio rebalancing that has been in motion since May 22.
Financial literacy is tough to learn, especially right before the most fun time of your life, but you have to at least learn the basics.
By the time I was 24, I owed nearly $35,000 on eight credit cards. Staying on top of the payments was like having a second full-time job.
Excessive mortgage debt, student loan debt, medical debt and more have placed untenable burdens upon millions. As we learn from our Torah portion, a cursed society is one in which factions are trapped in merciless power dynamics as debtors.
It was all a game to me. I was too big to fail. Until I started to get late and overdue notices from my student loan and credit card companies.
International long-term private finance to developing countries has changed dramatically in the wake of the global financial crisis. In such a context, it is no surprise that the creation/expansion of national and multilateral development banks has been getting so much attention.
Red has become the new black as debt provides a temporal increase in consumption, while transferring appreciation from labor to the capital side of the economy. Have we created an environment of investment or indenture?
One of the most important decisions we ever make is what we are going to grow up to be. Astronaut or the Lone Ranger score high when we are in kindergarten, but by high school, many of us are completely clueless as to what we want to do for the rest of our lives.
not only am I a grown woman who still refers to her mother as Mommy, but I'm also a grown woman who goes to great lengths to conceal from her parents just how much of a financial mess she is.
More than half of Americans have more savings than credit debt, a trend that's been rising since 2011. However, having more savings and being comfortable with the amount of savings and debt you have are two very different things.
"Scare tactics [such as jumping off a fiscal cliff] by both political parties are non-constructive," cautions Cutler. Think instead, Cutler offers, of Butch Cassidy and the Sundance Kid. Pointing out the pair survived their jump, Cutler talks of a jump into opportunity.