For the third year in a row the Red Cross conducted a national holiday giving survey. They polled more than a thousand people about their plans for spending and charitable giving over the holiday season. This year the survey found that 45 percent of people plan to cut back on spending on travel and holiday … [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...]
Brits Rack Up Debt During Royal Wedding Festivities
April 28, 2011 By Leave a Comment
The Royal Wedding of Kate Middleton and Prince William is costing the Queen a pretty penny-- and the taxpayers of England. But some officials warn consumers not to overspend, just because they get carried away in the romance of the fairytale wedding. A new survey done by Co-operative Financial Services … [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...]
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...]
What’s The Shelf Life For The Frugal American Consumer?
May 20, 2009 By Leave a Comment
As the scope of the economic crisis spread, more people realized that they were overextended financially. As a result, American consumers have responded quickly, altering their place in the economy, seemingly overnight. There are now far more "savers" than "spenders." … [Read more...]
Avoiding The Pitfalls of Debt
September 21, 2008 By Leave a Comment
Even though the American economy is staggering, it's not something that has to affect you personally. You may feel it at the pump when traveling, with the prices of food, or perhaps with the security of your employment at certain companies, but even with the worst of it, you can avoid these issues from … [Read more...]
Economists Predict Feeble Growth
August 4, 2008 By Leave a Comment
Current events in America have largely revolved around the stuttering Economy. While the worst of it was seen in the early parts of 2008, with the mortgage industry running straight into an enormous crisis and the automakers cutting jobs, the issues have managed to subside a bit while other sectors, … [Read more...]