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Tag Archives: Debt

External debt: a lot of challenges ahead

External debt: a lot of challenges ahead

In the shaping of economic growth of any country, researchers revealed that external debt plays both an optimistic as well as pessimistic role mainly in the developing countries. It is useful when any government uses external debt for investment-oriented projects …

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Unsecured debt hits record high in the UK

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According to TUC analysis of ONS figures, unsecured debt in the UK has reached a new record level of £15,400 per household. The TUC general secretary, Frances O’Grady, said: “Household debt is at crisis level. Years of austerity and wage stagnation has pushed millions …

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Over 100 Million Americans Have Auto Loans

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America’s mountain of car loan debt is getting higher. A Finder analysis of Federal Reserve Bank of New York data found that Americans accumulated $568.6 billion in auto loans by the end of 2017. Last year, the average amount borrowed for a new …

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