THE TRUE COST of lack of access to credit extends far beyond the inability to finance additional consumption in the short term. Being in a position without credit quite often leads to individuals finding themselves in a financial spiral marked…
The Global Financial Crisis A Decade Later
TEN YEARS AGO, the sudden and shocking collapse of investment bank Lehman Brothers sent shockwaves reverberating through the financial, economic, and political world. Since then, citizens and policymakers have been wandering through the rubble, slowly trying to put the pieces…
A Global View of Household Debt
SINCE THE EARLY 2000s, household debt has been on the rise in both developed and emerging economies across the globe. Many developed countries face extremely high household debt-to-GDP ratios even after having initially seen significant declines in household debt in…
The Student Debt Crisis
CONSENSUS among economists and policy makers is a rarity, an elusive trait in a hyper-polarized political climate. However, there exists a point of exception on which there is near unanimous consensus, higher education provides the surest pathway to upward socioeconomic…