Sentences with phrase «growing pile of debt»

But they're also complex financial instruments that can leave cardholders under a rapidly growing pile of debt if not used properly or treated casually.

China's economy expanded at a steady 6.7 % in the third quarter and looks set to hit Beijing's full - year target, fueled by stronger government spending, record bank lending and a red - hot property market that are adding to its growing pile of debt.

Not exact matches

But what's always been the more important story about America's pile of debt is how rapidly it's growing.

Bill Robson, president of the C.D. Howe Institute, a public policy think - tank, said one of the greatest challenges for the middle class is saving more for retirement at the same time wages aren't growing nearly as fast and household debt piles up.

The debt pile, he said, has been growing for three decades in both absolute terms and when compared to the size of the economy — and about $ 1.5 trillion of it currently consists of mortgage debt.

The debt pile has been growing for three decades in both absolute terms and when compared to the size of the economy.

If the pile of bills you're dealing with from credit card companies has grown out of control, it might be time to consider a debt consolidation loan.

However, Porter says the record levels of household debt piling up in Canada, like in many industrial - world economies, does suggest it will be tougher for the country to grow as quickly as it has in the past.

Sitting on that pile of debt felt wrong, mainly because my dad had ingrained in me growing up that debt was bad and should be avoided as much as possible.

With a lower interest rate, your pile of existing credit card debt won't grow as much every month, and you'll be able to pay down your balances faster.