Millennials are facing $1 trillion in debt via Business
Policy makers have recognized that lower spending limits economic growth. As a result, a number of policies to boost younger adults spending such as forgiving student debt have entered the political arena, according to Richard Curtin, director of the University of Michigan consumer survey.
Mortgage debt makes up the vast majority of overall consumer debt but it’s not growing nearly as fast as student loan debt. Since 2009, mortgage debt increased 3.2 percent while student loan debt grew 102 percent. At the end of last year, auto loans were the third largest portion of debt composition in the U.S. followed by credit card debt. Overall consumer debt reached a record $13.5 trillion.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Young Americans’ debt tops $1 trillion as student loans pile upDebt among 19- to 29-year-old Americans exceeded $1 trillion at the end of 2018, according to the New York Federal Reserve Consumer Credit Panel. That’s the highest debt exposure for the youngest adult group since late 2007.
Lire la suite »
Should two people with $1 million in debt even consider getting married?Should two people with $1 million of debt even consider getting married?
Lire la suite »
American millennials are saddled with more than $1 trillion in debt — and the bulk of that is student loansIt's the highest debt exposure for this age bracket —18 to 29 — since late 2007, the start of the global financial crisis.
Lire la suite »
How Pemex 'destroyed' $1 billion with erratic business choicesMexico's state-oil company Pemex burned through $665 million at its fertili...
Lire la suite »
$1 billion video-conferencing company Zoom is aiming for an April IPOZoom, which faced delays in January because of the Securities and Exchange Commission shutdown, could file publicly as soon as March.
Lire la suite »