Americans are feeling pessimistic about the economy, according to a new poll. Those negative feelings are surrounding financial markets and the job market. Four out of five people are giving President Obama negative ratings on his handling of the economy with 21% giving him positive feedback. This new … [Read more...]
Consumers Paying Off More Credit Card Debt, Buying Less
August 2, 2011 By Leave a Comment
Are consumers really paying off their credit cards at record rates? Or are they just defaulting on their debt? That's the debate going on now. Consumers made an estimated $72 billion more in payments on their credit cards than purchases between the first quarter of 2009 and the first quarter of 2010, … [Read more...]
Housing Market Softening, Homeowners Owe More Than Value
April 27, 2011 By Leave a Comment
The housing market is softening again in some major US cities, pushing some homeowners to consider personal bankruptcy as an escape. According to statistics, the housing market is now worse in some respects than it was a year ago. New home sales have dropped again and now nearly one out of four homeowners … [Read more...]
Bankruptcy Filings Dropping
April 15, 2011 By Leave a Comment
According to new reports, the number of bankruptcy filings is dropping. Data from American Bankruptcy Institute and the National Bankruptcy Research Center shows that in the first quarter of 2011 bankruptcy filings have dropped. The first quarter showed a decline of 6% compared to 2010. The number … [Read more...]
Impact of Recession on Consumer Credit
November 10, 2009 By Leave a Comment
The US economy has started the long slow process of recovery and now many consumers are wondering what it all means for their future. The banks and financial institutions are in much better condition though it’s still not possible to say they are fully stable. … [Read more...]
New Data Suggests Recession Is Loosening Its Grip On U.S. Economy
July 22, 2009 By Leave a Comment
Despite the fact that the recession in the United States is beginning to release its grip on the economy, analysts are quick to point out that recovery was still going to be a slow and lengthy process. … [Read more...]
Dodge a Cash Crunch Amidst Unemployment Woes
November 2, 2008 By Leave a Comment
The unemployment rate in America has soared this month. The number of people that claim unemployment has reached roughly 497,000, which puts the number several thousand beyond initial expectations. Furthermore, the unemployment percentage is currently at a fairly high 6.1%, and is expected to reach higher … [Read more...]
Fears of Recession May Propagate One
October 3, 2008 By 1 Comment
America has been struggling against the background of a slumping economy. High gas prices, rising costs of food and various commodities, a housing market absolutely crushed by false hopes and dreams, and employment insecurities in certain sectors such as the domestic automotive industry have led people … [Read more...]
Bankruptcies Reach New Highs
May 21, 2012 By Leave a Comment
Bankruptcies have reached new high levels and the year 2009 will probably hold the record for a while as the year more people across all socioeconomic strata were forced to file. … [Read more...]