Personal Finance

US household debt tops $14T, reaches new record

American households added $193 billion of debt in the fourth quarter, driven by a surge in mortgage loans, and overall debt levels rose to a new record at $14.15 trillion, the Federal Reserve Bank of New York said Tuesday.

How much can you borrow for a student loan?

The maximum amount that one person can take out depends on several factors, including whether they’re private or federal loans and your level of education. 

Pushed out before ready to retire?

The numbers show that the 50s and beyond are a precarious time for U.S. workers, with more than half of those who enter that decade with a stable, full-time job pushed out involuntarily before they're ready to retire.