A new report paints a dim picture of success in college. Meanwhile, the failed pursuit of a college degree leaves many in a financial straight jacket: They owe tens of thousands of dollars in student loans and have a diminished …
debt
Debt Tsunamis, Debt Snowballs, and Why the Conventional Wisdom About Defeating Debt is Wrong
When you’re in debt, one of the toughest problems is knowing where to start. It’s not that you have just one debt. You have several. Or dozens. Which debt should you pay off first?
$54 Billion Closer to Our Next Financial Crisis
After a couple years of austerity, we’re again racking up credit card debt at an alarming clip.
The 20 Colleges With the Most (and Least) Student Debt
Each year, U.S. News & World Report releases a list of the nation’s best colleges. In the 2012 edition, they also included a ranking based on the amount of debt the class of 2010 had upon graduation. These are the 10 schools that …
It’s Time to Admit the Euro Has Failed
The breakup of the common European currency is inevitable and will shake U.S. stock markets. Here’s how investors can prepare – and even profit.
Modern Retirement: Mortgage and Kids Still at Home
Boomers are reshaping retirement by doing it with a mortgage and adult kids at home. This isn't the way it's supposed to work.
Should the Eurozone Become a ‘United States of Europe’?
Europeans back from summer vacation this week may be wishing they’d stayed on the beach. Stock markets in Germany, Italy, and France all dropped about 5% Monday, after the so-called “troika” of European institutions (the …
How the Newly Prudent Consumer Is Killing the Economy
Today’s consumers are increasingly likely to pay off credit card bills in full, skip vacations, dine out less, hold off on buying big-ticket items like new cars, and even trim everyday expenses by, say, subbing a generic cereal …
7 Obstacles to Financial Success
Hundreds (thousands?) of new financial books are published each year. Only a handful become best-sellers. As you might expect, a lot of gems fall through the cracks, destined to soon be forgotten. The Quiet Millionaire by Brett …
How Medical Debt Sickens Your Credit Score
More Americans are struggling to pay their medical bills, a hardship that could have a detrimental effect on their credit scores. According to the 2010 Commonwealth Fund Biennial Health Insurance Survey, a sobering 29 percent — …
50 Percent Interest and Jail Time For Credit Card Debt?
Despite the gains we’ve have made chipping away at our collective debt, many Americans still struggle to balance the weight of their credit card debt every month. People carrying a lot of debt have little opportunity to transfer …
Does the West Need a New Growth Model?
As shown by yet another global stock selloff, investors have finally woken to the reality that we have not yet recovered from the 2008 financial crisis. Many smart economists had been warning that this time was different, that we …
