An ice sculpture titled ‘Main Street Meltdown’ melts near Wall Street.
AP Photo/Frank Franklin II
The collapse of an obscure corner of the financial market a decade ago foreshadowed the Great Recession. The stock-market swoon in February should offer a similar warning.
Slow wage growth is leading to over-indebtedness among those that can afford hosues.
Low wage growth isn't just bad for households - it's also bad for the overall economy. Research shows that increasing wages would take some of the risk out of the housing sector.
Financial illiteracy contributed to the last financial crisis.
It's not just individuals who pay for low financial literacy. It also increases financial risks and holds back the economy.
Most students graduate with a ton of debt, which makes it harder to save for a home or retirement.
More than half of American families aren't able to save a dime to cover the cost of college, and the 529 college savings plan has done almost nothing to change that.
Modesty in your spending (and half an eye on the future) could make you very cheerful indeed.
Two million Australians don’t have the financial resilience to pay unexpected bills.
A new report finds two million Australians lack the resources to bounce back when difficult circumstances arise.
Mortgage stress is still a risk for low-income earners, particularly in the country, new analysis from Roy Morgan shows.
New analysis shows low-income earners, particularly in Tasmania and South Australia, face the most mortgage stress.
Seeking constant distractions and identifying with brands and status symbols, we struggle to escape the superficial self.
Shutterstock/Sean De Burca
In the first of our series, On Happiness, the question is whether unsustainable consumption and debt can ever bring us happiness. The global financial question was a chance to take stock, yet did we learn anything?
Athens is the epicentre of a dangerous relationship.
A continent in shock; a country on the brink; and a model for punitive debt negotiations that serves no one but the banks.
Household debt is three times what it was 20 years ago.
Image sourced from www.shutterstock.com
We know saving is good and not all debt is bad. Where is our relationship to both?
Micro housing could be the solution to helping millennials afford a home.
Home change via www.shutterstock.com
I co-teach a freshman seminar at the University of Texas called “Debt: the Good, Bad and Ugly” that examines the different ways consumers borrow and spend. Do they reflect wise investments in the future…
Australia’s love affair with housing is driving up debt.