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Insurance is a popular industry with many retirees, and is a very profitable business for many insurers.
Debt is the other important form of debt in the business, and for many, it can be a source of financial trouble for their business.
The following chart from The Federal Reserve Bank of St. Louis shows the total amount of money owed to creditors for the last three years.
In this chart, it is not clear what is owed to the lenders, or who is owed the money.
The chart shows that lenders account for over half of all the debt owed to consumers.
As we’ve written about before, debt is a key driver of the financial health of many businesses, including banks, insurers, and even small businesses.
The amount of debt that a business owes can be directly linked to a business’s financial health, and how the business is doing could have an effect on its financial health.