Those residents have been having some problems lately, with credit card debt and other
forms of debt causing much stress and headaches.
Not exact matches
But closing down unnecessary capacity can pay for itself, even if unemployed workers are temporarily put on the government payroll (
causing debt to rise, but usually by less than it had before), but only temporarily as Beijing takes other measures to boost household income through wealth transfers from the state and so to boost consumption, a
form of demand which is likely to be more labor intensive than the demand created in the process
of over-capacity.
Never in history has it cost so much just to buy things that every family must have, and people have less and less money to spend which
causes mounds
of debt to
form.
Student loan
debt is the second highest
form of debt in the U.S., second only to mortgages (which
caused the Great Recession).
«Financial emergencies, such as a broken furnace or major car repairs, can crop up at any time and, without some
form of financial cushion, can potentially
cause households to take on more
debt than is necessary,» said BMO's Janet Peddigrew.
However, in an effort to boost the yield
of the MIP and thereby garner more management fees for itself, Fidelity, before the period at issue in the lawsuit, engaged in an imprudent and ultimately unsuccessful investment strategy by, among other things,
causing large amounts
of the MIP's assets to be held in various
forms of securitized
debt.
A committee
formed to maintain momentum on the initiatives that came out
of last April's Fix the
Debt summit continues to identify individuals at the national, state and local levels who will champion the
cause.