The top 1 percent of health-care spenders use more resources, collectively, than the bottom 75 percent, according to a new study based on national surveys. Slice the data a different way, and the bottom half of spenders all together rack up only about 3 percent of overall health care spending
In 2016, borrowers with $100,000 in student loans or more make up just 5% of borrowers, but account for about 30% of total outstanding student debt, the data show. What’s more, these borrowers appear to be struggling more than they have in recent years.
However, the European Commission says Italy needs faster deficit reduction to bring down its huge public debt of around 133 percent of gross domestic product, the highest in the euro zone after Greece’s.
Emerging market borrowers raised
a record $181 billion in global bond markets during the first
quarter of 2017, with both corporate and sovereign tallies
surpassing previous highs, data from JPMorgan showed.
The New York Federal Reserve announced Monday that in 2017 total household debt will reach its previous peak of $12.68 trillion, which it reached in the third quarter of 2008. It’s already close: Total household debt in the fourth quarter of 2016 was nearly as high, at $12.58 trillion.
If PDVSA manages to pay its debt on April 12, the company and Venezuela will get some breathing room before facing payments of $3.5 billion in October and November. The odds of a credit event over the next five years is 92 percent, according to CDS data.
European Union leaders are stepping up efforts to deal with the more than 1 trillion euros ($1.1 trillion) in non-performing debt weighing down the bloc’s lenders.
South Korea’s national debt surpassed the 600 trillion-won (US$536.7 billion) mark to hit a record high last year due to an expansionary fiscal policy to bolster the sluggish economy, the finance ministry said Tuesday.
Some 50% of people is woefully unprepared for a financial emergency, new research finds. Nearly 1 in 5 (19%) Americans have nothing set aside to cover an unexpected emergency, while nearly 1 in 3 (31%) Americans don’t have at least $500 set aside to cover an unexpected emergency expense, according to a survey released Tuesday by HomeServe USA, a home repair service.
Global debt rose to 325 percent of the world’s gross domestic product in 2016, totalling $215 trillion, an Institute for International Finance report released on Monday showed, boosted by the rapid growth of issuance in emerging markets.
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