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
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
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.
REUTERS/Siphiwe Sibeko
David Neves, University of the Western Cape and Deborah James, London School of Economics and Political Science
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.
AAP/Julian Smith
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.
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…
South Africa is breathing a sigh of relief after escaping a credit rating downgrade. But there are still serious concerns around structure of the country’s economy and finances.
Voters rejected Matteo Renzi’s referendum on constitutional reform, plunging Italy into political uncertainty.
Alessandro Garofalo/Reuters