A growing number of Americans are falling behind on payments for their automobile loans, says a new study by the Federal Reserve. These numbers haven’t been this high in eight years, the height of the economic collapse. New data from the Federal Reserve Bank of New York show that auto loans that were delinquent by […]
Archives for February 2017
How will technology change with Generation Z?
In an interview with BBC, Russell Forrest, a 16-year old student said, “It’s hard to remember a world without technology.” He is one of the UK’s “brilliant minds” in digital technology, and one who is committed to reducing the country’s skill gap in this field. Considering that his cutting-edge app called “History Hunter” teaches world […]
U.S. student debt rises 18th straight year to $1.31 trillion in 2016
This is just another example of how when the government intervenes into something the problem just gets a lot worse. For the 18th consecutive year, student loan debt in the United States has risen, says a new report from the Federal Reserve Bank of New York. According to the study, student loan debt reached a […]
Industry Outlook: Consumer trends in appliances market
Based on the report by Grand View Research, the future of the global kitchen appliance market looks very bright. It is predicted that within the next 6 years the market will be worth approximately $246 billion. It is also projected that there will also be marked improvement in the quality of appliances due to increased […]
Debt Isn’t a Problem — Easy-Money Policies Are the Problem
By: Frank Shostak According to the flow of funds data published by the Fed, the US debt to GDP ratio remains at a lofty level. Non-financial sector debt as a percentage of GDP stood at 251.7% in Q3 2016 against 230.1% in Q1 and 184.3% in Q1 2000. Consumer credit as a percentage of GDP […]