Declining home ownership among young people has implications for their long-term financial wellbeing and indeed for the retirement income system.
HILDA survey results show home ownership among young people is declining, as mortgage debt almost doubles for the same age group.
With slow wages growth it is hard for household to “delever” themselves.
The amount of Australians in mortgage stress is the reason why wages growth and the labour market are such a problem - and a big reason for the RBA not to raise rates any time soon.
World Bank President Jim Yong Kim is thinking about reinventing the organisation model.
Africa should be concerned about news that the World Bank is looking to migrate from the model that largely relies on funding member states to become a broker of private capital.
Has student debt changed because the purpose of education has changed?
John Collier/Library of Congress, Ermolaev Alexander/Shutterstock.com
About 44 million Americans are still paying off student loan debt. But it didn't always used to be this way. As the perceived purpose of a college education changed, so too did the way we pay for it.
Unexpected increases in housing prices could have caused buyers considering home ownership to borrow more in order to buy a house, and encouraged homeowners to spend more through withdrawing the equity from their homes.
Research finds higher levels of housing debt among pre-retirees are linked to them working for longer.
Demonstrators march against corruption in South Africa.
Reforming South Africa’s state owned enterprises should start with greater accountability and financial responsibility.
A warning from Athens about facing political headwinds with a government barely worth the name.
A dubious deal with the Trumps has sparked criticism of the World Bank, but attention should be focused elsewhere.
Banks are in such poor conditions that it affects Tunisians’ day to day lives.
Tunisia's economy has been struggling since the country’s 2011 revolution. Corruption and bad governance within the banking sector is not helping.
Treasurer Scott Morrison called a press conference this week to comment on March-quarter GDP figures.
Treasurer Scott Morrison says Australia will "grow into growth". Global economic conditions suggest otherwise.
Filipinos are among the largest group of migrants working as domestic staff abroad, whose lives are often far from easy.
Ritchie B Tongo/EPA
With My Family’s Slave, journalist Alex Tizon challenges our complacency over domestic workers. When does domestic work become slavery?
aesthetics of crisis/Flickr
Where now for one of the great emblems of post-World War II global co-operation?
The government is beginning the process of changing the spending culture, Scott Morrison says.
The government will highlight in its May 9 budget a distinction between 'good' debt, incurred to boost growth, and 'bad' debt, used to finance welfare and other recurrent spending.
Data from the Australian Prudential Regulation Authority (APRA) reveals the average balance on housing loans has barely trended upwards over the last five years.
When you look at the data (in three charts) on mortgage stress, the systemic risk of people not being able to repay their home loans appears small.
South Africa’s President Jacob Zuma looks on as his new cabinet members are sworn in.
The best chance South Africa has of recovering from sub-investment grade credit rating status is to have leaders who are prepared to break rank with the small-mindedness of the ruling party.
Financial inclusion has been touted as one of the solutions to addressing poverty in South Africa.
Entities at the centre of the storm engulfing South Africa's social grants distribution system have claimed to be champions of financial inclusion. The claim in itself is scandalous.
Australia’s social security policy and service delivery system is not designed to put customer needs first.
The extent of Centrelink’s customer service delivery problems is legendary – and it's been getting worse in recent years.
Airports Company of South Africa, a majority state owned enterprise, is set to be hit by a regulatory own-goal that puts further pressure on the country's credit rating.
World Literature Today/Flickr
Financially illogical and fuelled by irrational dogma, the creation of a new tranche of private sector debt is a missed opportunity.
It’s too soon to say what advantages there are to issuing government bonds using blockchain technology.
Despite a media statement announcing that Commonwealth Bank of Australia (CBA) and Queensland Treasury Corporation (QTC) have created the first government bond using the blockchain (dubbed the “cryptobond…