How China Became the World’s Largest Debt Collector
China was the leading financier for developing nations throughout the 2010s, channeling over $1 trillion into infrastructure projects under President Xi Jinping‘s Belt and Road Initiative (BRI). Yet as lending has tapered off and grace periods on many loans have expired, China has emerged as the world’s largest official creditor, according to a new report […]
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Gen Z, Millennials Willing To Go Into Debt for Their Pets
With pet ownership on the rise and more parents considering their beloved animals as family members, America is experiencing a pet economy boom and younger generations are leading the way. A survey by The Harris Poll conducted from May 24 to 26 asked 2,125 adults aged 18 and over about pet preferences and spending habits […]
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Fox Host Questions GOP Rep. With Report Trump Tax Plan Adds $7.5Tn in Debt
Representative Byron Donalds, a Florida Republican, was asked by Fox News Sunday host Shannon Bream about a recent report estimating that President-elect Donald Trump‘s tax plan will add trillions of dollars to the ever-growing national debt. Donalds, who represents Florida’s 19th Congressional District and just won reelection, serves on the House Committee on Financial Services […]
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