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Articles on Debt

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Has student debt changed because the purpose of education has changed? John Collier/Library of Congress, Ermolaev Alexander/Shutterstock.com

From public good to personal pursuit: Historical roots of the student debt crisis

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. Dan Peled/AAP

Australians are working longer so they can pay off their mortgage debt

Research finds higher levels of housing debt among pre-retirees are linked to them working for longer.
The government is beginning the process of changing the spending culture, Scott Morrison says. Dan Himbrechts/AAP

Budget to distinguish good and bad debt

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. Tracey Nearmy/AAP

Three charts on mortgage stress: it isn’t as bad as you might think

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.
Financial inclusion has been touted as one of the solutions to addressing poverty in South Africa. REUTERS/Siphiwe Sibeko

South Africa’s social grants: busting the myth about financial inclusion

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.
It’s too soon to say what advantages there are to issuing government bonds using blockchain technology. www.shutterstock.com

CBA’s test of government bond using the blockchain, is just that

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…

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