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I was adamant to never carry debt".
Most carry debt on the balance sheet of about two times earnings before interest, tax, depreciation and amortisation.
"Customers don't like to carry debt, and there's de-leveraging going on," said Brent Vallat, head of Wells Fargo's credit card, lines and loans group.
This seems especially pointed because I have in the past used Italy's ability to carry debt exceeding its GDP as an illustration that debt concerns were overblown.
Nearly half of low- and moderate-income households carry debt from out-of-pocket medical expenses on their credit cards, the survey found.
To gauge governments' ability and willingness to carry debt burdens, they must apply both the laws of arithmetic and less precise political and economic calculations.
Similar(41)
But outside of banking, healthy corporations rarely carry debts totaling more than 70 percent of their assets.
Twenty-five percent of medical school graduates carry debts higher than $200,000.
Budgeting weighs the benefits of spending against the costs of raising taxes and carrying debt.
To think more clearly about them, we must recognize that carrying debt is costly.
Some leveraged buyouts carried debt of 20 times the firm's annual profits, he said.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com