Personal debt in New Zealand is growing. But instead of hiding the true extent of what we owe, New Zealanders should be talking about how we got here – and what needs to change.
At the margin, more compulsory super will mean less equity in homes and more borrowing for homes. Australia already has one of the world’s highest household debt ratios.
What the ‘credit’ in Universal Credit actually means.
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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.
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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.
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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.
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.
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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.
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