Americans May Be Taking on Too Much Pay Later ‘Phantom Debt’
Posted inBanking and Financial Institutions Buy Now Pay Later Christmas Consumer Behavior Credit and Debt Credit Cards Credit Scores E-Commerce Fashion and Apparel Interest Rates Klarna AB Personal Finances Prices (Fares, Fees and Rates) Shopping and Retail Start-ups Supermarkets and Grocery Stores TransUnion LLC United States United States Economy

Americans May Be Taking on Too Much Pay Later ‘Phantom Debt’

Buying mattresses, clothes and other goods on installment plans has propped up spending, but economists worry that such loans could put some people at risk.
The Debt Problem Is Enormous, and the System for Fixing It Is Broken
Posted inBanking and Financial Institutions Barbados China Developing Countries Economic Conditions and Trends Foreign Investments Global Warming Gopinath, Gita Income Inequality Interest Rates International Monetary Fund International Relations International Trade and World Market Martin Guzman Mottley, Mia Poverty Russia United States World Bank

The Debt Problem Is Enormous, and the System for Fixing It Is Broken

Economists offer alternatives to financial safeguards created when the U.S. was the pre-eminent superpower and climate change wasn’t on the agenda.