Household debt exceeds $16 trillion in second quarter of 2022
Total household debt increased by $312 billion (2%) to $16.15 trillion in the second quarter of 2022, the Federal Reserve Bank of New York’s Center for Microeconomic Data said in its Quarterly Report published Tuesday.
Three in four millennials are more than $100,000 in debt: report
A large majority of millennials have accumulated over $100,000 in debt outside of a mortgage, according to a recent study.
States owe nearly a trillion dollars in liabilities on top of unfunded pensions, report shows
Unfunded state debt for things like retired public employees health care coverage continues to balloon to an unsustainable level, according to a new report.
Russia defaults on foreign debt for first time since 1918 following sanctions
Russia defaulted on its foreign-currency sovereign debt for the first time in more than a century after failing to make two payments by the Sunday night deadline.
Sri Lanka Has New Leader As Violence Spreads
Bankrupt Sri Lanka appointed a new prime minister hoping to quell worsening civil unrest in which at least nine people died this week, and more than 300 were injured.
Former Christian Hostages Graduate In US
A Christian charity hopes that the graduation of two young women who were among hundreds of Christian schoolgirls kidnapped in northeast Nigeria will encourage persecuted Christians.
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