After accumulating a mountain of debt compared to income during the crazy days that led to the Great Recession, young adults have knocked off a large portion of their debt — more so than older adults — by simply owning less of the big-ticket items that drain finances, such as homes and cars. The debt-to-income ratio of younger adults doubled from 1983 to 2007, peaking at 1.63. It has since fallen to 1.46, but remains higher than that of older adults, whose debt-to-income ratio is at 1.22.
A longtime agent has ideas about how to revamp the U.S. Department of Health and Human Services.
Corporate Credit Facilities LLC is now lumping government bond holding numbers together with the corporate bond holding numbers.
Among other provisions, the bill extends the deadlines for forgivable expenses and repayment of the loans.
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