Policymakers have been struggling to identify ways to deal with America’s staggering student loan debt. As of January 2018, Student Loan Hero estimated total outstanding student loan debt at $1.48 trillion, affecting 44 million Americans. Thanks to this debt burden, young Americans are having difficulty achieving typical financial milestones such as home ownership. Here’s a…
Many of America’s military service members and veterans report that financial stress is hurting their emotional and mental health as well as their ability to set future goals. Among the respondents to a 2017 Military Family Advisory Network survey, a staggering number – 92.5% – reported they have debt, while 44% of the group reported…
IN 2011, Sarah Doyle enrolled in a four-year Bachelor of Behavioural Science and Counselling at The University of Notre Dame in Sydney. She wanted to work in social welfare but after graduating and applying for a range of jobs, Ms Doyle was never even granted a single interview, let alone a job. She soon realised…
This month is an important reminder of South Africans human rights, and rightfully so. But, if there is one thing that the South African consumer should take note of, is their rights as consumers, which is celebrated on World Consumer Rights Day on the 15th of March. Consumers are primarily responsible to not only make…
One worrying takeaway from the first week of the Financial Services Royal Commission is how many elderly people are being adversely affected by irresponsible lending. Such lending is often the result of an agreement with a family member, for example an adult child, to help that person financially by entering into a joint loan.…
AUGUSTA, Maine. (WABI) Maine ranks as the eighth highest state in the country in terms of student debt, that according to a national report. The LePage administration has brought forward a bill to provide debt relief for students in an attempt to keep younger people in the state. “The ultimate goal, the bigger picture, is…
Related Story: 15 questions to ask your partner about money Related Story: How to turn your hobby into a side hustle The last person you would expect to get into $50,000 worth of debt is an accountant. But debt can sneak up on anyone. Five years ago accountant Najlaa…
As Australia’s private debt market slowly springs to life, there is a big Asian player actively seeking an early seat at the table. Street Talk understands financial services and property giant Mirae Asset Financial Group, which has north of $US120 billion under management, wants to claim a share of the market. Multiple sources have told Street Talk that Mirae has…
A new initiative is exchanging the alleviation of national debt for government initiatives aimed at preserving marine ecosystems. Anse Roayle, Mahé, Seychelles (Photo: Jean-Marie Hullot/Flickr) The Small Indian Ocean island nation of Seychelles, located 800 miles off the east coast of Africa, recently announced two new marine reserves made possible by a groundbreaking financing program…
More than 600,000 people in financial difficulties last year sought help from the debt charity StepChange, including disproportionate numbers of single parents and those in rental accommodation. The charity said 619,946 new clients contacted it for debt advice last year 3.5% more than in 2016, and 22% more than four years earlier. There has been…
