By Nico Valckx
October 3, 2017
Debt greases the wheels of the economy. It allows individuals to make big investments today–like buying a house or going to college – by pledging some of their future earnings.
That’s all fine in theory. But as the global financial crisis showed, rapid growth in household debt – especially mortgages – can be dangerous. Continue reading “Rising Household Debt: What It Means for Growth and Stability” »