The real midlife crisis confronting many Americans

The way my mom imagined it, midlife was going to be great: counting down days until retirement, spending winters in Florida and checking off destinations on her bucket list. But it hasn't turned out that way.

Credit counseling may help reduce consumer debt

By the end of fourth quarter 2018, total household debt in the United States reached a new high of $13.54 trillion. A new Economic Inquiry study found that nonprofit credit counseling—which reaches millions of consumers ...

Tesla to pay off $920M in bonds with company cash

Tesla Inc. will pay off $920 million worth of bonds when they come due on Friday, using up about one quarter of the cash available for capital spending and future debt payments.

Financial education key to reducing student loan stress

It is estimated that a quarter of American adults currently have student loans to pay off, and most do not have the financial literacy to manage debt successfully. The average student in the Class of 2016 has $37,172 in student ...

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Debt

A debt is an obligation owed by one party (the debtor) to a second party, the creditor; usually this refers to assets granted by the creditor to the debtor, but the term can also be used metaphorically to cover moral obligations and other interactions not based on economic value.

A debt is created when a creditor agrees to lend a sum of assets to a debtor. Debt is usually granted with expected repayment; in modern society, in most cases, of the original sum plus interest.

In finance, debt is a means of using anticipated future purchasing power in the present before it has actually been earned. Some companies and corporations use debt as a part of their overall corporate finance strategy.

This text uses material from Wikipedia, licensed under CC BY-SA