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
Canadian Household Interest Payments Decline as Debt-to-Income Ratio Falls
Canadian household interest payments fell 0.6% to $176.9 billion in Q3 2023, the debt-to-income ratio dropped to 1.73, and the savings rate hit a three-year high of 7.1%, suggesting improved financial health despite income inequality and upcoming mortgage resets.
Canadian Household Interest Payments Decline as Debt-to-Income Ratio Falls
Canadian household interest payments fell 0.6% to $176.9 billion in Q3 2023, the debt-to-income ratio dropped to 1.73, and the savings rate hit a three-year high of 7.1%, suggesting improved financial health despite income inequality and upcoming mortgage resets.
Progress
36% 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
US Household Debt Reaches \$17.94 Trillion: Strategies for Avoiding Further Debt
US household debt has hit \$17.94 trillion, prompting a need for effective debt management strategies including budgeting, emergency funds, and responsible credit card use to improve financial stability.
US Household Debt Reaches \$17.94 Trillion: Strategies for Avoiding Further Debt
US household debt has hit \$17.94 trillion, prompting a need for effective debt management strategies including budgeting, emergency funds, and responsible credit card use to improve financial stability.
Progress
24% Bias Score