For the first time since the Great Depression in the 1930s, per capita consumer spending has declined for 2 consecutive years. A new study completed by Booz & Co. showed that consumers are spending less during the recession. The question is whether this reduced spending level is temporary or reflects … [Read more...]
Should Your Kid’s Debt Be Your Debt Too?
September 22, 2010 By Leave a Comment
The recession does not just strike isolated individuals. It strikes families. Children, adult children that is, are often turning to good old mom and dad for a little financial help these days. Or in some cases they are asking for a lot of financial help. … [Read more...]
Saving Money In Tough Times
September 14, 2010 By Leave a Comment
You would think that in tough times that people would do anything they could to save money. You would think that everyone would adjust their spending habits, scale down their lifestyles, and brace for whatever impact the economic downturn will have for them. You would think this but you would be wrong. … [Read more...]
Is Debt An Emotional Problem?
September 6, 2010 By Leave a Comment
Debt is an emotional issue. It can be that dark cloud that hangs over a person's life. But this is the effect of debt. Have you ever stopped to wonder if emotional problems could be the force behind that constantly growing pile of debt? … [Read more...]