Ed. Note: This article first appeared in Fox You are probably going to pass away with some debt to your name. Most people do. In fact, 73% of consumers had outstanding debt when they were announced dead, according to December 2016 data provided to Credit.com by credit bureau Experian. Those consumers carried an average total balance of $61,554, including […]
Even as the central bank amassed trillions of dollars of debt to prop up the economy following the financial crisis, it didn’t hedge its holdings or fret about gains and losses that might keep ordinary investors up at night. This extreme buy-and-hold stance has had an incredible calming effect on the bond market.
Ed. Note: This article first appeared in Bloomberg Tens of thousands of reportedly defrauded student debtors may be awarded refunds and loan discharges under a potential legal settlement. Alums of a disgraced for-profit college chain have spent years trying to cancel their federal student loans. For three years in federal court, the Obama Department of Education told them […]
Story by Shannon Pettypiece at Bloomberg President Trump asked on Twitter why the media hasn’t reported that the national debt has dropped since his inauguration. One explanation, some economists said: Trump couldn’t have had anything to do with it. “Anything that has happened to the debt has been on autopilot since Obama left,” said Laurence Kotlikoff, an […]
Story written by Suzanne Woolley at Bloomberg Financial services companies go into overdrive around Valentine’s Day, along with florists, chocolate makers, and jewelers. Usually, it’s surveys about love and money, with advice on avoiding financial conflict with a partner. Student loan company SoFi has thrown its hat into the ring with that old standby of V-Day marketing: VD. Here’s […]
Story written by Rachel Evans at Bloomberg JPMorgan Chase & Co. is opening a new front in Wall Street’s battle for domination of the market for exchange-traded funds: debt. The bank plans to start at least six bond ETFs next year, according to Bob Deutsch, head of ETFs at the lender’s asset management unit. Two active […]
Story written by Natasha Doff at Bloomberg A stronger dollar, rising interest rates and the prospect of a drop in global trade aren’t enough to deter some of the world’s biggest asset managers from buying emerging-market bonds. BlackRock Inc., Amundi Asset Management and Morgan Stanley are among those predicting a rebound following the post-U.S. election pullback […]
Have you ever wondered why some people are able to save more for retirement than others? The reasons for falling short abound in American life: younger people lament the heavy load of student debt, which causes them to postpone milestones such as getting married or buying a first home, parents grapple with how to pay for college for their kids while also caring for their own aging parents, and people nearing retirement find it’s tough to catch up after a late start coupled with stagnant investment returns. Despite that, studies have found that there are some unusual factors that might affect whether or not you’ll actually save enough (or at least more than others) for retirement. Here they are and how you can play them to your favor.
Story written by Shahien Nasiripour at Bloomberg College has gotten so expensive that it’s weighing on even the parents of third-graders, threatening to leave them too debt-saddled to retire. Tim Williams, a 62-year-old part-time mail carrier from Clearlake, Calif., has spent 12 years paying down a nearly $12,000 loan to help one of his sons pay for college. He now owes more than […]
Treasuries rallied, with yields resuming their descent to record lows, as the growing pool of negative-yielding debt worldwide boosted the appeal of U.S. securities. Benchmark 10- and 30-year yields fell to unprecedented levels, extending gains during U.S. trading hours as signs of slowing growth in Europe ended a five-day rally in global stocks. A U.S. […]