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The Latest Debt News and Information

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BMO: Setting the record straight on Canadian household debt

BMO economist Doug Porter looks at Canadian household debt growth during 2020 and finds some problems with the scare stories. The short piece was titled Total Canadian Debt…Setting the Record Straight ...

Debt Diaries: How this travel journalist paid off $30K in student loan debt

Dominique Jackson, a journalist from Columbus, OH, paid off $30K of debt with a delayed gratification mindset.

IMF expects global public debt to rise to 98% of GDP, fiscal deficits to decline to 5%

The IMF projects deficits to hover around -13.3% in advanced economies, -10.3% in emerging markets, and -5.7% in developing countries ...

China's economic nightmare: Xi's mounting debt exposed after ‘disappointing' GDP result

CHINA faces a potential economic nightmare in the future after experts exposed Beijing's mounting debts - despite the Communist Party announcing bumper gross domestic product (GDP) results.

Exclusive: China likely to avoid setting 2021 GDP target over debt concerns, sources say

China will likely avoid setting a 2021 growth target, dropping the closely watched measure for a second straight year on concerns that maintaining one could encourage provincial economies to ramp up ...

Egypt needs to decrease its debt to address budget deficit: IMF

The coronavirus is the top fiscal risk, followed by an expected increase in commodities' prices and sovereign borrowing costs, Mauro said ...

Not So Fast: Reducing Student Loan Debt Alone Only Scratches The Surface In Narrowing The Racial Wealth Gap

Throughout President Biden’s campaign, he promised to reduce the massive student loan debt that looms over the shoulders of millions of Americas, but if he makes good on his promise, it will only be a ...

Donald Trump May Struggle to Pay Back His Empire's Spiraling Debt

The coronavirus pandemic has affected the former president's businesses, while banks are becoming more reluctant to lend to him.

How Biden Wants to Trim a Mountain of Student Debt

Among the economic issues facing the new Biden administration is how to help alleviate the weight of $1.7 trillion in student debt, a figure that had ballooned from $1 trillion in 2012. All but about ...

Residents in these North Texas cities are taking on more debt as the coronavirus pandemic wears on

A new study conducted by WalletHub ranked Garland among the top ten cities where residents are taking on additional debt during the ongoing ...