Readers are presented a straightforward explanation of the cost of borrowing and lending money. Working from the international government level down to that of the community bank, this book introduces readers to how great an impact interest rates have on everyday expenses such as mortgage payments and education, in an accessible and interesting way.

This informed and easy-to-follow volume defines and describes debt and default and how they affect the average person and his or her family. Causes and effects of different kinds of debt are explored, as well as the consequences, such as bankruptcy. Other topics that are discussed include the U.S. national debt debate, paying off interest, the debt ceiling, government shutdowns, and the European debt crisis. The economic crises confronting U.S. states...

This book gives readers a thorough grounding in what happens to their purchasing power with deflation, and how deflation influences their spending decisions, investment choices, employment, income, and loans.