Demand for help with debts is expected to reach a five-year high across 2018 as people increasingly find themselves struggling with everyday household bills, according to a charity. National Debtline, which is run by the Money Advice Trust (MAT), predicts it will have received 189,000 calls by the end of 2018 its highest level of…
A private letter ruling from the IRS on one employer’s effort to address student debt through its defined contribution plan could wind up spurring more plan sponsors to follow suit. Helping employees manage growing levels of student loan debt falls under a broader effort among employers to promote employee financial wellness, which…
Cohorts of young Australians have been told they have to study longer, work harder, eschew avocado and marry better if they want the chance to buy a home of their own. Nearly 2.5 million people owed the Australian government almost $49 billion in HELP debts in 2015-16. The average student debt in 2016-17 had…
Shop worker pocketed payments to help father out of debt 30 August 2018 Image caption John Veighey took the cash from customers to help his father out of debt A shop assistant pocketed customer payments up to 20 times in a bid to help his unsuspecting father out of debt, a court has been told.…
AUSSIES struggling with financial wellbeing want their employers to help, though not necessarily in the form of a payrise, new research suggests. Fintech firm Map My Plan canvassed employees from a range of organisations for its Financial Stress in the Australian Workplace insight paper, finding 31 per cent were worried about their finances and 8…
A new perk at Abbott Laboratories that helps employees save for retirement even as they pay down student debt has caught the attention of a national employer group that is asking the government to clear the way for more companies to offer a similar benefit. Abbott had sought and received the blessing of the Internal…
Rabat Morocco has signed an agreement with the World Bank to engage youth in business, create employment, and reduce the debt to GDP ratio. The new partnership agreement, set to take effect January 2019, aims to address Moroccos health, socioeconomic, and unemployment challenges. According to Le360, the World Bank has pledged to give Morocco a…
Created by the Coalition and expanded by Labor, the scheme granted private colleges virtually unregulated access to government subsidies for virtually every student they enrolled. This created a perverse incentive for some colleges to enrol as many people as they could, sometimes luring them with laptops and other incentives to sign up to often substandard…
Image caption John Veighey took the cash from customers to help his father out of debt A shop assistant pocketed customer payments up to 20 times in a bid to help his unsuspecting father out of debt, a court has been told. John Veighey stole cash given to him for wine purchases and then cancelled…
China Cinda Asset Management, one of the countrys four biggest state-owned bad debt managers, said on Thursday it would proactively help the government tackle peer-to-peer (P2P) lending risks, after confirming Chinas top financial regulator had recently met the big four asset management companies on the issue following several protests in the past few weeks by…
