There's a large increase in the number of poor Americans according to new poverty numbers released by the US Census Bureau. The poverty is especially hitting older adults. The calculation was updated to include a person's overall needs including out-of-pocket health care costs which are normally not … [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...]
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...]
United Airlines Issues $175 Million In Debt
July 13, 2009 By Leave a Comment
A week ago, United Airlines' issued $175 million in new debt, the most expensive issuance in almost a decade. This was a clear sign that the airline is strapped for cash and has a few assets left to put up for collateral. … [Read more...]
JPMorgan Has Sold An Additional $2.5 Billion In Unguaranteed Debt
May 22, 2009 By Leave a Comment
It looks like banking institutions are enjoying their taste at new economic reach. It seems that big companies like JPMorgan Chase are selling bonds without the backing of the federal government. … [Read more...]
Debt Laws Prohibit Collectors from Being Abusive
September 16, 2008 By Leave a Comment
Regardless of the state of the economy in America, debt is something that people of all ages and coming from every background has to deal with. It’s not merely a matter of simply spending more than what you can afford; debt is the natural result of getting a loan, whether it be for purchasing a home, … [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...]