Debt

Piles of debt and a fraying social safety net hamper the island’s recovery, even six months after the storm. Click the audio player above to hear the full story. 

With wages and incomes up, more Americans say they are saving for a rainy day. But it might be wiser to use the money to pay down debt. Marketplace’s Aaron Schrank explains. Click the audio player above to hear the full story. 

People who have credit card debt in America carry, on average, about $11,000 of it. A new study from Creditcards.com tells us that people in southern cities have the highest credit card debt burden, particularly in Texas. Click the audio player above to hear the full story. 

General Electric CEO John Flannery said in an earnings call today that he was “deeply disappointed” in big liabilities found over on the company’s insurance side. GE actually sold off this business – insurance for long-term care – years ago. But turns out it’s still liable for billions of dollars’ worth of policies. Click the […]

Economists say the island is economically crippled for the foreseeable future.