HouseholdDebt

South Korea's Household Debt Sees Significant Rise — The Highest Since 2021

1 month ago

In a startling development, South Korea reported a notable increase in household debt during the last quarter, marking the steepest rise since 2021. The household debt level climbed to an alarming 2,024 trillion won (roughly $1.5 trillion), a reflection of ongoing economic pressures and the rising cost of living that have prompted families to increasingly rely on borrowing.

Record High Household Debt Poses Challenges for Low-Income Americans

1 month ago

In a concerning financial trend, new data reveals that U.S. household debt has reached an all-time high, weighing heavily on low-income families. The increase has sparked a significant call to action regarding financial stability and economic policy. As costs of living soar and interest rates rise, many Americans find themselves struggling to keep up with their financial obligations.

The Burden of Debt: Thailand's New Leader Faces a $500 Billion Challenge

2 months ago

Thailand's newly elected leader is confronting a staggering economic challenge as the nation grapples with an overwhelming household debt that has ballooned to $500 billion. This financial burden is becoming increasingly pressing as the country navigates through post-pandemic recovery, all while striving to boost economic growth amidst a precarious global market.