Global Debt Overhang

You haven’t heard much about the U.S. government’s debt, in part because, as a percentage of the economy, the growth of our national debt has slowed dramatically. (See chart) But measured on a global scale, the world’s $152 trillion of debt—from consumers, corporations and governments worldwide—is more than double the balance at the start of […]

Global Financial Literacy: Haves and Have Nots

A new survey by the S&P organization—the S&P Global FinLit Survey—measured financial literacy across a wide spectrum of countries around the world. More than 150,000 randomly selected individuals in 140 countries were asked to answer five multiple-choice questions regarding investment diversification, the ability of income to stay on par with spending (or vice vers […]