Tag #Household Debt

Showing 1 to 12 of 14 results

theguardian.com
🌐 75% Global Worthiness
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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

Reduced Inequality
repubblica.it
🌐 75% Global Worthiness
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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

Reduced Inequality
nos.nl
🌐 65% Global Worthiness
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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

No Poverty
cbsnews.com
🌐 75% Global Worthiness
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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

Reduced Inequality
kathimerini.gr
🌐 65% Global Worthiness
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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

No Poverty
theguardian.com
🌐 75% Global Worthiness
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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

Reduced Inequality
kathimerini.gr
🌐 85% Global Worthiness
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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

Reduced Inequality
cbsnews.com
🌐 75% Global Worthiness
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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

Reduced Inequality
dailymail.co.uk
🌐 75% Global Worthiness
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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

No Poverty
cbsnews.com
🌐 75% Global Worthiness
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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

Reduced Inequality
cnbc.com
🌐 85% Global Worthiness
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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

Reduced Inequality
theglobeandmail.com
🌐 85% Global Worthiness
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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

Reduced Inequality

Showing 1 to 12 of 14 results