Mark Catanzaro is a senior manager in the St. Louis Fed’s Supervision and Regulation division. His academic background includes economics and finance.
Debt had reached a record high of $14.15 trillion at the end of 2019, with student and auto loans increasing significantly in nominal terms since 2008.
Learn why money smarts can improve many aspects of life.
Some investments pay interest not just on the principal, but also on the interest over time. The Rule of 72 approximates how long it takes to double your money with compound interest.