American Households Take on More Debt

In a sign that many Americans are feeling more comfortable about the condition of the economy, U.S. household debt has risen by $78 billion in the last quarter.  The data comes from a survey by the Federal Reserve Bank. The primary drivers of the increase in debt were student loans, auto loans and credit card […]

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Tips to Help Pay Student Debt Faster

The cost of going to college continues to increase.  It has reached the stage that some economists suggest student debt is having a stifling effect on the United States economy.  For many students, paying back their college debt can take decades.  For other students the debt can stop them buying a house and building a solid […]

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Saving Money in Your 20s

Most people struggle to manage their finances when they are in their 20s. They have just entered the workforce, probably have a low paying job, have many bills and have little experience organising themselves. People in their 20s also have many credit card companies throwing easy money at them. It’s not hard for someone just […]

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John Oliver Talks About Student Debt

John Oliver highlights the massive expansion of Student Debt in the United States.  The comedian points out the depressing and unbelievable fact that student debt in the US is now more than Credit Card debt and Auto Loans. Student Debt has been in the media a lot recently.  Many economists have suggested  that the amount of college debt that […]

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Student Debt in the Headlines

The issue of growing student debts continues to be in the headlines this week with a number of commentators suggesting the size of loans are a problem for the economy. Recent graduates are often struggling to pay debts and are delaying major purchases and entering into mortgages which affects the entire economy. Yahoo finance author […]

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Student Debt May Hurt Housing Sector

The amount of debt that college graduates are lumped with has been a growing concern in recent years. Many students come out of college with between $30’000-$100’000 in debt, and are looking to secure employment quickly to pay those debts down. One unexpected outcome of this massive amount of college debt being held by some […]

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Marrying Into Debt

One of the most important conversations that needs to be had before entering into marriage is the debt conversation.  Unfortunately many couples don’t have it then only realise they have married into a substantial amount of debt a couple of years after getting married! Many people are happy to spend hours and hours talking about […]

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The True Size of Student Debt

American public policy organization Demos has released an inforgraphic (below) which shows the true extent of student debt in the USA. Student debt has received a lot of attention recently as many students have been struggling with large debt burdens in the economic downturn. About Demos: “Demos is a public policy organization working for an […]

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Evaluating Student Debt

In an economy that is in a downturn it is increasingly difficult to find a job. Many thousands of college students now find themselves graduating into that economy, unable to find a job and also unable to pay their college loans. In the USA an estimated 1.75 million students will graduate this year and will […]

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Student Loan Consolidation

It’s a common story – young college students who take on thousands of dollars in student loans and spend the money without much thought. Paying back the loans seems to be something to worry about in the future for most students. So they concentrate on their studies and having fun while in college, often spending […]

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