Rising mortgage debt is affecting everything from employment to spending, as Australians approach retirement, our study finds. Higher levels of housing debt among pre-retirees are linked to them working for longer. We found for a home owner aged 45-64 years, the chances of being employed are around 40% higher for every additional $100,000 in mortgage…
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Rising mortgage debt is giving a productivity boost to the Australian workforce as it is keeping older workers out of retirement, a new report from housing research body Ahuri says. Older people were more likely to be working for every $100,000 of additional mortgage debt they had, Curtin University professor Rachel Ong told Ahuri’s housing…
Sarah Sultan is studying Business at UWS and worries about paying off her HECS. Picture: Bob Barker. ITS the debt we all like to forget we have, and Australians owe a combined $48 billion. But while a HECS or HELP balance is the best debt you can have, given that it doesnt attract interest, ignoring…
A $9 billion restructuring deal covering Puerto Rico’s public power monopoly failed to win approval on Tuesday from the island’s federal oversight officials, raising the likelihood of default at one of the largest U.S. utilities. The federal board overseeing Puerto Rico’s finances rejected the proposed settlement in a 4-3 vote, capping weeks of doubt about…
Put aside whatever shred of healthcare decency the Senate happens to be ripping out at the moment and take a look at Better, a startup helping people deal with out-of-network medical bills. The startup has just pledged 100 percent of its revenue towards relieving those stuck in serious medical debt at least until this fall. Better…
Put aside whatever shred of healthcare decency the Senate happens to be ripping out at the moment and take a look at Better, a startup helping people deal with out-of-network medical bills. The startup has just pledged 100 percent of its revenue towards relieving those stuck in serious medical debt at least until this fall. Better…
Loans, credit cards and overdrafts are all essential to business. Without them many companies would struggle to grow, to find the funding for development or to cover cashflow problems. The majority of businesses require debt finance at some point, whether its to help avoid a negative situation or to create a positive one. But what…
I am an accountant and have a loan of Dh140,000 and am struggling to pay the EMI of Dh6,200. I earn Dh7,000 a month, which does not include accommodation, and I asked the lender to reconstruct my loan but still the EMI is too high. I also have another loan from another bank and on…
Student loan debt has made it difficult for many young Americans to enter the housing market. A recent survey from the National Association of Realtors found that 71% of student loan borrowers cited their student loan burden as a reason to delay buying a home. The student loan plight may be a major factor in…