A depressed, out of work architect facing foreclosure left his Minnesota home, leaving his 11-year-old son behind. According to the Pioneer Press, Sebastian Cross woke up last month to an empty home and two notes his father had written. The newspaper printed this portion of one of the letters: "To … [Read more...]
Gas Prices Leave Consumer Confidence Running on Empty
April 29, 2011 By Leave a Comment
Consumer confidence is dropping thanks to rising gas prices. According to AAA, on average a gallon of gas costs $3.89 which is nearly 30 cents higher than a month ago and more than a dollar up compared to April of 2010. That's pushing a larger percentage of consumers' budgets toward the pump which means … [Read more...]
Lower Consumer Spending May Reflect New Habits
September 24, 2010 By Leave a Comment
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...]
Not All Foreclosures Are Due to Economy
April 21, 2010 By Leave a Comment
It is easy in the current economy to assume that most consumer foreclosures on personal residences are due to the economy. Unemployment is high and even household where lay-offs have not hit are operating with less income due to reduced schedules and forced days off without pay. The reality is that … [Read more...]
The Influence Of Personal Savings On US Economy
May 8, 2009 By Leave a Comment
While it may seem odd to say, a number of economic experts are suggesting that the more Americans increase their saving the more damage may be done to the economy. … [Read more...]
Impending Fed Purchases Increase Treasury Bond Prices
April 16, 2009 By Leave a Comment
The recent increase in U.S. government debt prices was due in large part to the activities of traders hedging bets in advance of a second buy out of Treasury bonds by the Federal Reserve. The move was part of the Fed's $300 billion bid to slash the rates. … [Read more...]
Debt Educator Announces a Bailout for Credit Card Debt
March 29, 2009 By Leave a Comment
A bailout for personal credit card debt is available for American consumers. Corporate bailouts make the news as the government steps in to help. But a lesser known bailout will help average citizens get a new lease on their financial lives. … [Read more...]
Pretending To Be Successful Creates Debt
October 23, 2008 By 1 Comment
On one level or another, everybody wants to make something of their life. They want to take their efforts and translate them into awesome results, making the most of what they do and putting it towards success that is tangible. Achieving a solid education, obtaining a respectable job, establishing a … [Read more...]
Don’t Let Debt Overwhelm Your Perspective
October 13, 2008 By Leave a Comment
Everyday, more and more Americans get deeper and deeper in debt. After all, this is what you hear on the news, right? However, there are also cases where people improve their situation as well, and when put into perspective, people are making ends meet overall. It's very easy to let the negative side … [Read more...]
Don’t Let A Sluggish Economy Affect You
September 26, 2008 By Leave a Comment
It is without a doubt that America has been seeing some tough times recently. Starting in 2007 with the collapse of the housing bubble and a subsequent crisis in the mortgage industry, millions of Americans found themselves unable to make their loan payments, and as a result, they lost their homes due … [Read more...]