Will you ever pay off your student loan?

Would-be participants of higher education must be given full and transparent advice before they accumulate debts as students that follow them into the workplace, according to a report published in the International Journal ...

Study reveals why working poor think they are 'middle class'

The College of Human Ecology's Laura Tach and her co-authors must have trustworthy faces. Working-poor recipients of the Earned Income Tax Credit (EITC) in Boston divulged things they'd never tell the Internal Revenue Service ...

Short-term debt and depressive symptoms may go hand-in-hand

Results to be published in the Journal of Family and Economic Issues suggest that having short-term household debt—credit cards and overdue bills—increases depressive symptoms. The association is particularly strong among ...

Research shows impact of student debt on small business creation

Small business creation—a critical economic engine—is significantly hampered in areas of the country where residents carry more substantial student loan debt, according to research co-authored by Brent W. Ambrose of the ...

Why people go into debt: The money isn't really theirs

In 2019, U.S. consumer debt reached an all-time high, surpassing levels last seen during the 2008 financial crisis. Such debt takes many forms, including mortgages and student loans. But credit card debt alone exceeded $870 ...

How American consumers view debt: a case study

A new study published this month suggests that while younger Americans are more smitten with credit cards and debt than older Americans, the older generation helps enable their children by encouraging use of credit as a "safety ...

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