Australians experiencing financial stress are being urged to ask their bank or lender for help, after new research revealed that almost half of Australian adults with debt struggled to make repayments in the past 12 months. Research from the Australian Securities and Investments Commission (ASIC) found 47 per cent of Australian adults with debt about…
The countrys chief money regulator has revealed that nearly one in two Australians with debt are struggling with their repayments. And this is the news the Reserve Bank shouldnt ignore when it meets on interest rates on June 18. The Daily Telegraph has run a valuable story today counselling those under debt pressure that help…
Those with HECS-HELP debt, and other higher education training loans, will have a 4.7 per cent indexation applied on June 1 but a credit will be applied back to loans once legislation passes later this year. It means someone with the average Australian student debt of $26,494 will owe an extra $1245 or more on…
Key Points More than three million Australians have been hit with an increase to their student loan debt due to indexation. The education minister has told students the increase will drop due to forthcoming legislation. But there have been calls for the government to change indexation so it’s not applied on amounts already repaid. More…
Olivia Franklin found herself “living in a tomb to [her] dead dreams”. A self-professed “over-achiever” since school, the 30-year-old was desperate for “something different” after the pandemic-impacted years. Olivia was working as an educator in the prevention of violence against women space when in January 2022, she bought a new notebook. A new notebook to…
Declaration acts as catalyst for renewed commitment to sustainable development ahead of Summit of the Future St. Johns, Antigua and Barbuda, 30 May The Fourth United Nations Conference on Small Island Developing States (SIDS4) wrapped up today in Antigua and Barbuda with unanimous support for a bold new 10-year plan of action that will deliver meaningful…
Addressing the Fourth International Conference on Small Island Developing States in Antigua and Barbuda, Vatican Representative Msgr. Robert Murphy calls on developed nations to cancel their debt to support their resilience and development in the face of climate and environmental crises. By Lisa Zengarini The Holy See has called for increased efforts from developed nations…
Read this article in: Private debt (or private credit) has emerged as one of the strongest asset classes within the alternative investment universe. During the fourth quarter of 2023, the deal flow for private credit picked up, reversing the slowdown seen earlier in the year. In its alternative investment universe outlook for 2024, JP Morgan…
Thanks to a cheeky drop of data from the Parliamentary Library, the electorates with the highest amount of HELP debt in Australia have been revealed. Some seats accumulated over a BILLION dollars in student debt all by themselves, which has politicians calling for more to be done. Many of the seats with the highest debt…
If youre in debt, youre certainly not alone. According to data collated by the New York Federal Reserve, household debt in the U.S. rose by $184 billion to reach $17.69 trillion in the first quarter of 2024. That includes $12.61 trillion worth of mortgage loans, with the remainder comprised of consumer debts like credit card…