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While empirical data concerning the effects of student debt on marriage, divorce and fertility is still meager, early research has found that there is a positive correlation between debt and family formation and stability.
A recent report by IHS Global Insight said that as a result of increasing economic stress, young adults are delaying key rites of passage typically associated with adulthood, with statistical evidence of later marriages and lower fertility rates for people in their late 20s.
This infographic shows how student debt in America has become a burden to many families across America.
The Islamic finance sector is now worth close to $1.8 trillion. Not surprisingly, it is garnering the world’s attention. And despite the challenge Islamic banks will face once it begins challenging the much larger conventional players, their emphasis on financial stability can only help improve market conditions. Read more
Mario Blejer & Eduardo Levy Yeyati,
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