By Tom Ozimek Americans have amassed a record amount of credit card debt, which over the past year rose by $154 billion, the biggest annual jump in history, suggesting consumers are increasingly having to borrow to prop up their spending. The Federal Reserve Bank of New York released its quarterly household debt and credit report on […]
Category: Finance
Finance is the study of money and how it is used. Specifically, it deals with the questions of how an individual, company or government acquires the money needed – called capital in the company context – and how they then spend or invest that money.