The Latest Debt News and Information

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The Ultra-Rich Are Saving Their Money Instead of Spending It – Now the Middle Class Is ‘Buried’ In Debt

It's easy to roll our eyes at outlandish spending from billionaires - say, buying NFTs or yachts - but their spending is good for the overall economy. Their savings, however, are not so ...

How Debt Prevents You From Living Your Richest Life

GOBankingRates wants to help you Live Richer. Throughout the month of July, we'll be sharing daily tips for how you can do just that, with advice on budgeting, saving, investing, making ...

How colonial-era debt helped shape Haiti's poverty and political unrest

A problem that keeps some formerly colonized countries impoverished: the demand to pay former slave-owners and colonizers in exchange for independence.

How the wealthy use debt ‘as a tool to screw the government and everybody else’

An interview with the professor who coined the term 'Buy, Borrow, Die,' and a look at how debt destabilized Haiti.

Foreign buying of U.S. corporate debt takes off, even with Fed no longer buying

Foreigners are on pace to buy a record amount of U.S. corporate debt this year, a sharp reversal of the tsunami of selling seen in 2020, according to ...

Yellen urges Congress to raise or suspend the debt limit by Aug. 2

Treasury Secretary Yellen warned her department will start "extraordinary measures" on Aug. 2 if lawmakers don't raise the debt ceiling.

Yellen outlines to Congress emergency measures on debt limit

In a letter to House and Senate leaders, Yellen said her actions will buy time until Congress can pass legislation to either raise the debt limit or suspend it again for a period of time. The debt ...

Student Debt Cancelled At These Colleges

Student Debt. Another group of colleges cancelled student debt for its students. Connecticut State Colleges and Universities (CSCU) will cancel $17 million in studet debt for comm ...

Biden has been assessing the legality of canceling $50,000 in student debt for millions of Americans. After several months, there's still no word.

Biden asked both the Education and Justice Depts. to review his ability to cancel $50,000 in student debt per person months ago. There's no update.

Millions of student loan borrowers don't have a diploma to show for their debt

U.S. student debt has increased by more than 100% over the past 10 years and today, 44.7 million borrowers collectively owe more than $1.7 trillion dollars in student debt.  But not all of these ...

Is Cadence Design Systems (NASDAQ:CDNS) Using Too Much Debt?

As with many other companies Cadence Design Systems, Inc. (NASDAQ:CDNS) makes use of debt. But the real question is whether this debt is making the company risky. Generally speaking, debt only becomes ...

At Tokyo Olympics, a debt to ‘Back to the Future’ and ‘E.T.’

Although the name Marty McFly won't be on the start list for the first Olympic skateboarding competition , the “Back to the Future” character who inspired the immortal lines “What's that thing he's on ...