Less well-off sharply increase borrowing on credit cards, overdrafts and loans while wealthier households enjoy benefits of record-low mortgage rates Low-income households have racked up borrowing on loans, credit cards and other consumer debt faster than any other group since the financial crisis, leaving them over-exposed to another economic shock, according to a new study. Much

Low-income households have piled up expensive debt and are vulnerable to shocks, report findsRead More »