✉news BusinessPersonal Finance first seen 18 h ago, last 1 h ago, peak #3
Why borrowers should think twice about 'good debt'
Original: The problem with 'good debt': Why borrowers should think twice about the label
CNBC is challenging the popular personal finance distinction between 'good debt' and 'bad debt', arguing that the label can mislead borrowers. Items traditionally considered good debt, such as mortgages, student loans and business borrowing, can still strain household finances if repayments outpace income. Financial commentators urge borrowers to judge any debt by its cost and their ability to repay, rather than trusting the category it falls into.
Why now: Elevated interest rates and household debt levels have renewed debate over how people should evaluate borrowing.
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