A common financial struggle for Americans is deciding how much money to devote to savings versus paying down debt. While the answer varies on a case-by-case basis, its often important to strike a balance between the two. Wiping out high-interest debt on a timely basis will reduce the amount of total interest youll end up…
Jo Constantz | Bloomberg The share of employers offering student loan repayment benefits is climbing as companies hope to gain a competitive advantage in recruiting younger workers in a still-tight labor market. The share of full-time job listings mentioning student debt repayment programs has more than doubled since 2019, according to an analysis by job…
Your Monday morning roundup: August 29, 2023 Your Tuesday morning roundup: August 29, 2023 03:02 BALTIMORE — Baltimore Mayor Brandon Scott and the city’s Department of Public Works are distributing over $15 million in state grant funding for customers in need of water bill debt relief. Over 75,000 Baltimore City and County residents who accrued…
Neil Mitchell has addressed the horrendous debt crisis unfolding in Victoria, likening the state to a rust bucket. Ratings agency Moodys predicts the state will reach $200 billion in debt in the next few years. Victoria is looking more like a rust bucket and weve got to face it, the 3AW Mornings host said. Press…
Roughly one in three Americans have delinquent debt according to 2022 credit data from The Urban Institute. At 16%, medical debt makes up the highest percentage of debt delinquency, but consumers also default on student loans, auto loans and credit card debt. If someone’s debt is so large that making payments becomes unmanageable (or if paying off…
Key takeaways The average credit card debt owed by Gen Xers is over $7,000 higher than what other generations owe Credit card and overall debt can be managed and paid off by adopting effective tactics aimed at eliminating what you owe Proven strategies for reducing or eliminating credit card debt include reducing your spending, paying…
For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails When someone is drowning in debt, the promise of a quick fix may appear very attractive. According to recent Bank of England figures, net consumer credit borrowing increased…
JERSEY CITY, N.J. U.S. Senator Bob Menendez (D-N.J.) today issued the following statement on the Biden Administrations ongoing student debt relief efforts: Earlier this month, President Biden announced student debt discharges would begin for 804,000 borrowers, including 17,290 in New Jersey, who qualify for $39 billion in student debt relief because of fixes the Administration…
Ahead of major meetings of world leaders in September, such as the Africa Climate Summit, the G20 New Delhi Summit and the 78th session of the U.N. General Assembly, Catholic bishops and faith leaders in Africa are calling for debt relief for the continent to give Africa a “life line” to escape the multiple crises…
A record number of people in the UK are heading into the winter with energy debts as they borrow to pay bills, Citizens Advice has said, as it urged the government to step in with fresh support for gas and electricity bills. The charity says 2023 has been its busiest year, with the number of…