Nearly a third of workers say theyre distracted on the job by financial headachesand, for 44 million Americans, one burden is near the top of the debt heap. Consumers are facing over 1.5 trillion dollars in student loan debt. Thats a trillion with a T. Now, more employers are realizing they need to jump in…
McClatchy announced last week an initiative that aims to help erase the medical debt of veterans, servicemembers and their families in partnership with the nonprofit RIP Medical Debt. To kick off the campaign, the McClatchy Foundation has approved a donation that will enable RIP Medical Debt to abolish $1 million in medical debt for military…
File Photo Cape Town – Contrary to popular belief, the majority of indebted black professionals get into debt to support family members and not to feed a flashy lifestyle. This is according to research conducted by Lifecheq, a personal finance advisory organisation based in Cape Town and Johannesburg. The research, conducted on a sample of…
File Photo Contrary to popular belief, the majority of indebted black professionals get into debt to support family members and not to feed a flashy lifestyle. This is according to research conducted by Lifecheq, a personal finance advisory organisation based in Cape Town and Johannesburg. The research, conducted on a sample of 150 Lifecheq clients…
Where housing debt moves, home prices tend to follow. The chart below from the Commonwealth Bank demonstrates the relationship between the two. The percentage change in housing finance is presented as a three-month moving average to help smooth out volatility in seasonally-adjusted data, providing a better indication of the broader trend. With the value of…
Overloaded with outstanding loans for education, car and credit cards? You might have received several calls from agencies that have talked about overcoming these debts after payment of monthly instalments failed over a period of time. So debt consolidation is the next obvious move that you want to make. But before that, you should be…
Debt is always the hardest to manage, and you can easily find that there are so many companies which are trying hard to get rid of it. Maintaining debt is always the biggest issue; even most of the large companies also stay strategic and do not mess with it. But, if you have debt…
This April, a San Francisco-based startup called Goodly launched as a part of Y Combinators summer batch. Goodly aims to help companies help their employees pay off their student loans, by making regular matching contributions kind of like a 401(k). Greg Poulin, co-founder and CEO, was motivated to start Goodly because of his own experiences…
This April, a San Francisco-based startup called Goodly launched as a part of Y Combinators summer batch. Goodly aims to help companies help their employees pay off their student loans, by making regular matching contributions kind of like a 401(k). Greg Poulin, co-founder and CEO, was motivated to start Goodly because of his own experiences…
Image copyright Getty Images Image caption President Xi and African leaders at the FOCAC summit in Beijing, September 2018 Africa is facing a looming debt crisis, say leading development economists. “Almost 40% of sub-Saharan African countries are in danger of slipping into a major debt crisis” according to the Overseas Development Institute, ahead of a…