Showing 1 to 12 of 14 results
Australia's High Debt Spurs Interest Rate Cuts, But Deeper Economic Reform Needed
Australia's household debt is 112% of its GDP, prompting the Reserve Bank to cut interest rates for the third time this year. However, the focus should shift from interest rate obsession to addressing long-term issues of declining productivity and the need for economic reform.
Australia's High Debt Spurs Interest Rate Cuts, But Deeper Economic Reform Needed
Australia's household debt is 112% of its GDP, prompting the Reserve Bank to cut interest rates for the third time this year. However, the focus should shift from interest rate obsession to addressing long-term issues of declining productivity and the need for economic reform.
Progress
40% Bias Score
European Household Wealth Reaches €70.2 Trillion in 2024
In 2024, European household net worth reached €70.2 trillion, a 4.4% increase from the previous year, with German households holding the largest share (29%), followed by France (20%), Italy (16%), and Spain (13%).
European Household Wealth Reaches €70.2 Trillion in 2024
In 2024, European household net worth reached €70.2 trillion, a 4.4% increase from the previous year, with German households holding the largest share (29%), followed by France (20%), Italy (16%), and Spain (13%).
Progress
24% Bias Score
Nibud Proposes Single Day for Fixed Expense Payments in Netherlands
The Nibud proposes consolidating all fixed expense payments in the Netherlands onto a single day to improve financial clarity and management, aiming to alleviate the rising number of people with problematic debt.
Nibud Proposes Single Day for Fixed Expense Payments in Netherlands
The Nibud proposes consolidating all fixed expense payments in the Netherlands onto a single day to improve financial clarity and management, aiming to alleviate the rising number of people with problematic debt.
Progress
44% Bias Score
Credit Card Balances Decline, But High Interest Rates Pose Ongoing Challenges
U.S. credit card balances fell to $1.18 trillion in Q1 2025, down 2.4% from the previous quarter but up 6% year-over-year, reflecting ongoing challenges of high-interest rates exceeding 21% on average and the need for effective debt management strategies.
Credit Card Balances Decline, But High Interest Rates Pose Ongoing Challenges
U.S. credit card balances fell to $1.18 trillion in Q1 2025, down 2.4% from the previous quarter but up 6% year-over-year, reflecting ongoing challenges of high-interest rates exceeding 21% on average and the need for effective debt management strategies.
Progress
48% Bias Score
Greek Households Overspend, Increasing National Debt
In the last quarter of 2024, Greek households spent €40.72 billion, exceeding their disposable income of €39.13 billion by 4.4%, leading to a -4.1% savings rate and €4.22 billion in net borrowing, continuing a long-term trend.
Greek Households Overspend, Increasing National Debt
In the last quarter of 2024, Greek households spent €40.72 billion, exceeding their disposable income of €39.13 billion by 4.4%, leading to a -4.1% savings rate and €4.22 billion in net borrowing, continuing a long-term trend.
Progress
20% Bias Score
Australian Bank Fees Jump 5% as Cost of Living Crisis Drives Borrowing
Australian households paid almost 10% more in bank fees in 2023-24, driven by increased credit card and personal loan use amid the rising cost of living, leading to a 5% jump in bank fee revenue—the first annual increase in seven years.
Australian Bank Fees Jump 5% as Cost of Living Crisis Drives Borrowing
Australian households paid almost 10% more in bank fees in 2023-24, driven by increased credit card and personal loan use amid the rising cost of living, leading to a 5% jump in bank fee revenue—the first annual increase in seven years.
Progress
20% Bias Score
China's Soaring Household Debt Crisis
Between 25 to 34 million Chinese defaulted on personal loans in 2023, double the pre-pandemic rate; including delayed payments, 61 to 83 million are at risk, while government stimulus efforts encouraging borrowing exacerbate the issue, particularly among young, low-income individuals.
China's Soaring Household Debt Crisis
Between 25 to 34 million Chinese defaulted on personal loans in 2023, double the pre-pandemic rate; including delayed payments, 61 to 83 million are at risk, while government stimulus efforts encouraging borrowing exacerbate the issue, particularly among young, low-income individuals.
Progress
48% Bias Score
Soaring Household Debt in 2025: High Interest Rates and Renewed Loan Collections Fuel Crisis
High interest rates (averaging above 21% on credit cards), renewed student loan collections, and persistent spending habits are causing a surge in household debt in 2025, pushing many families to seek debt relief solutions.
Soaring Household Debt in 2025: High Interest Rates and Renewed Loan Collections Fuel Crisis
High interest rates (averaging above 21% on credit cards), renewed student loan collections, and persistent spending habits are causing a surge in household debt in 2025, pushing many families to seek debt relief solutions.
Progress
48% Bias Score
On-Demand Pay Apps Surge Amid Record US Household Debt
Amidst record-high US household debt ($18.2 trillion), on-demand pay apps like DailyPay are surging in popularity, offering same-day wage access for a fee, highlighting a growing need for immediate financial relief among financially stressed Americans.
On-Demand Pay Apps Surge Amid Record US Household Debt
Amidst record-high US household debt ($18.2 trillion), on-demand pay apps like DailyPay are surging in popularity, offering same-day wage access for a fee, highlighting a growing need for immediate financial relief among financially stressed Americans.
Progress
48% Bias Score
Record US Household Debt Fuels Demand for Debt Forgiveness
US household debt hit a record $18.04 trillion in Q4 2024, with rising delinquencies in credit cards and auto loans; debt forgiveness offers potential relief for some but not all debt types.
Record US Household Debt Fuels Demand for Debt Forgiveness
US household debt hit a record $18.04 trillion in Q4 2024, with rising delinquencies in credit cards and auto loans; debt forgiveness offers potential relief for some but not all debt types.
Progress
48% Bias Score
South Korea's High Household Debt Forces Central Bank Tightrope Walk
South Korea's Bank of Korea grapples with high household debt (91% of GDP in Q2 2024, exceeding other advanced economies and Asian nations), impacting economic growth and forcing careful monetary policy decisions to avoid inflation and potential economic catastrophe due to factors like the unique 'j...
South Korea's High Household Debt Forces Central Bank Tightrope Walk
South Korea's Bank of Korea grapples with high household debt (91% of GDP in Q2 2024, exceeding other advanced economies and Asian nations), impacting economic growth and forcing careful monetary policy decisions to avoid inflation and potential economic catastrophe due to factors like the unique 'j...
Progress
48% Bias Score
Canada Eases Mortgage Rules, Increasing Debt and Taxpayer Risk
Canada's new mortgage rules, effective December 2024, raise the insured mortgage cap to \$1.5 million and extend 30-year amortizations, potentially increasing homeownership but also long-term debt and taxpayer risk.
Canada Eases Mortgage Rules, Increasing Debt and Taxpayer Risk
Canada's new mortgage rules, effective December 2024, raise the insured mortgage cap to \$1.5 million and extend 30-year amortizations, potentially increasing homeownership but also long-term debt and taxpayer risk.
Progress
60% Bias Score
Showing 1 to 12 of 14 results