Household debt in South Korea ranks among the highest in the developed world, according to the Wall Street Journal. That's pushing leaders to implement measures that will help reduce borrowing among South Koreans and prevent defaults that could destabilize the country's economy. Experts say that home … [Read more...]
Michigan Study Shows Income Dropped But Spending Didn’t
May 19, 2011 By Leave a Comment
A new study shows Michigan residents may be poorer, but they're not letting that impact their spending. A new Michigan State University study on household financial conditions surveyed data and found that 67 percent of Michigan residents have budgets, but four out of five don't adjust those budgets when … [Read more...]
South Korea’s Household Debt Raises Concerns
May 3, 2011 By Leave a Comment
Is South Korea following in America's footsteps when it comes to household debt? South Korea's central bank recently announced plans to help citizens there with large amounts of debt by changing monetary policy. The new rules would discouraged additional borrowing. "To guide a soft landing in household … [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...]