Many people on low incomes are paying dearly for access to credit.
People on the lowest incomes pay the most to borrow money, even when it's for essentials.
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.
Yi Gang will take over the leadership of China’s central bank from Zhou Xiaochuan, who had been in the position since 2002.
International Monetary Fund/Flickr
As the governor of China's central bank oversees the stability of the world’s second largest economy, this leadership change is one the global economy is watching closely.
A revenue shortfall of about R50 billion has pushed the South African government to hike Value Added Tax (VAT) among other taxes.
South African finance minister Malusi Gigaba could have done better in his 2018 budget speech.
South Africa's 2018 budget does not go far enough. Perhaps finance minister, Malusi Gigaba was caught up in the euphoria of the widely welcomed state of the nation address by Cyril Ramaphosa.
South Africa’s Finance Minister Malusi Gigaba arrives to deliver his budget address.
South Africa's 2018 national budget makes it clear that the slumber and corruption that has hampered state owned enterprises must come to an end.
South African Finance Minister Malusi Gigaba is trying to spearhead a more stable economic landscape.
Whether measures announced by Gigaba will stave off a downgrade of South Africa's local currency debt by one remaining rating remains to be seen.
In announcing free higher education, South African President Jacob Zuma, lobbed a populist hot potato at the ANC elective conference but it's ordinary people whose fingers will be burnt.
Fewer government welfare recipients due to higher than expected employment growth provides a slightly stronger budget outlook for the Turnbull government as they head into 2018.
The improvements in the government's debt position are entirely because of revisions in economic assumptions, not fantastic fiscal management.
Watered down higher education measures, a stronger employment rate and lower than expected debt levels are the highlights for MYEFO 2017.
The government hasn't abandoned its jobs and growth mantra in the budget update and remains optimistic despite lower growth and wages forecasts.
From the present financial year, the government will no longer be borrowing to pay for recurrent spending.
The 2017 budget update will show an improvement in the outlook for debt compared with projections in May.
B.C.‘s ambitious new school curriculum includes mandatory financial literacy instruction within math courses at every grade level, starting from kindergarten.
Financial literacy is non-intuitive to the human brain and fundamental to survival today. We should follow British Columbia's example and make financial literacy mandatory in every grade - across the country.
A change in South African law promises to protect defaulting home owners from abuse by unscrupulous operators who snap up people's homes for a song.
Running out of options. Finance Minister Malusi Gigaba speaks after delivering his medium term budget.
South Africa's 2017 medium term budget reveals a growing gap between revenue and expenditure which places the country in a highly vulnerable financial state.
Meet Jakob Fugger, the man who underwrote the ambition of power-hungry medieval Princes.
In many cases there are better ways than debt agreements to wipe out your debt.
Flickr (creative commons)
Debt agreements have become the fastest form of personal insolvency in Australia. But in many cases, there are better options available to manage debt.
Paying the price.
Not-so-fun fact: more than half of 18- to 34-year-olds are in debt, owing over £8,000 each on average.
South Africa waits with bated breath for the 2017 medium term budget policy statement from new Finance Minister Malusi Gigaba, as it might reveal key signals of where economic policy is headed.
A Bitcoin (virtual currency) souvenir coin. But cryptocurrencies like this can be debt and equity as well.
Despite its name, cryptocurrency isn't just money. It could also be debt or equity and so it should be regulated and taxed in the same way as other finance.
The UK and US may avoid another crash, but many other major economies look like they are on the brink.