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2. 8 Myths About Debt That Boomers Must Stop Believing ... - AOL

   www.aol.com/8-myths-debt-boomers-must-140436236.html

   “While debt, yes, is a large blocker to a successful retirement plan, it really depends on the type and the interest rate associated with it,” she continued.

3. How to calculate interest on a loan: Tools to make it easy

   www.aol.com/finance/calculate-interest-loan...

   You can calculate your total interest by using this formula: Principal loan amount x interest rate x loan term = interest. For example, if you take out a five-year loan for $20,000 and the ...

4. What is debt management? - AOL

   www.aol.com/finance/debt-management-202149646.html

   Interest rates for personal loans can range from around 8 to 36 percent, so make sure that the rate you receive is lower than the rate you are currently paying on your outstanding debt.

5. How interest rate changes affect debt - AOL

   www.aol.com/finance/interest-rate-changes-affect...

   How interest rates affect your debt. There are two primary ways that interest rates affect your debt. The most noticeable effect is on your monthly payments. When rates rise, it’s more expensive ...

6. 3 steps to calculate your debt-to-income ratio - AOL

   www.aol.com/finance/3-steps-calculate-debt...

   Step three: Divide your monthly debts by your monthly gross income. For this example, divide your monthly debt payments ($2,400) by your total monthly gross income ($6,000). In this case, your ...

7. How to use the debt avalanche payment strategy - AOL

   www.aol.com/finance/debt-avalanche-payment...

   Arrange the list in order from the highest-interest debt to the lowest-interest debt. For instance, if you have the following debts: A $3,000 credit card with a 17 percent interest rate.

8. Paying off debt in tough financial times - AOL

   www.aol.com/finance/paying-off-debt-tough...

   High-interest and variable-interest debt, such as credit card debt, should be a top priority for payoff. High interest quickly increases your balance. The longer you wait, the more out-of-hand it ...

9. Consumer leverage ratio - Wikipedia

   en.wikipedia.org/wiki/Consumer_leverage_ratio

   The consumer leverage ratio in the US was increasing in the years before the 2007–2008 financial crisis, peaking at 1.29x in 2007 and decreasing ever since. As of the fourth quarter of 2016, the ratio in the US stood at 1.04x. The historical average of this ratio since late 1975 is approximately 0.9x. Many economists argue the rapid growth in ...