Americans Keeping Holiday Debt Down

After two years of keeping the purse strings tight, Americans may be ready to loosen them a bit. According to ING Direct USA, nearly three-fourths of Americans say they expect to spend more this holiday season than they have during the past two years. Most say they're equally or less concerned with how … [Read more...]

Economic Optimism Becoming Rare in US

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...]

Toys R Us Read to Bring on Thousands of Temp Workers

Tomorrow is the first day of fall, but employers are already talking Christmas. Toys R Us just announced its plans to hire more than 40,000 employees for its US stores and distribution centers to cover the holiday season. The toy store chain is expecting a busy holiday season. In the past the company … [Read more...]

Obama Releases Plan for Mortgage Refinancing

President Barack Obama gave a public speech on Thursday in front of Congress delivering details of his latest push to help the economy. Part of his $447 billion jobs plan includes aid to US homeowners who want to refinance but currently can't because of rules and regulations. Obama told America that … [Read more...]

Survey: Companies Still Very Cautious About Hiring

Companies are still very cautious when it comes to hiring, according to ManpowerGroup, a world leader in innovative workforce solutions. According to the Bureau of Labor Statistics, non-farm payroll employment was unchanged in August and there were no jobs created. Unemployment stuck at 9.1 percent. … [Read more...]

Government and American Households Facing Similar Debt Problems

Congress may have come to an agreement before reaching the debt ceiling, but the debate definitely continues. Most Americans disagree with at least some part of the plan. Many are upset about America's massive debt and out-of-control spending, but are Americans practicing what they preach? Some studies … [Read more...]

Borders’ Liquidation Begins Creating One of Biggest Bankruptcies in History

Borders' liquidation sales are underway at hundreds of its retail stores around the country. With discounts of up to 40% on just about everything in the store, many shoppers piled in to their local Borders looking for a bargain. According to reports the sale is happening at 259 Borders superstores, 114 … [Read more...]

Homeowner Equity at Lowest Point Since World War II

According to the Federal Reserve, the percentage of their homes that Americans own is approaching its lowest point since World War II. The average homeowner has 38 percent equity in their home. Ten years ago that percentage was at 61. Mortgage rates recently hit a new low for the year, but that doesn't … [Read more...]

The Money of Independence Day

You probably remember from history class that the Fourth of July is a celebration that marks the Declaration of Independence's approval by the Continental Congress in 1776, setting the 13 original colonies on the road to freedom. Despite our ongoing celebration of being free from the British, we currently … [Read more...]