Poll: Americans Eliminating Personal Debt and Expect Government To Do the Same

Eight in ten Americans believe the federal debt and deficit have a powerful play on their personal finances. The new poll found that Americans are increasingly developing strong feelings about reducing the deficit and stimulus spending. The 10th quarterly Allstate-National Journal Heartland Monitor Poll … [Read more...]

Economy Forcing Young Americans to Delay Life

September marks the 31st consecutive month that the national unemployment rate has been near or well above 9%. In September the Department of Labor reported that the unemployment rate was at 9.1%. In October of last year the rate was at 10.2% but it has remained largely unchanged since the start of the … [Read more...]

Housing Market Showing Mixed Signals

Summer seems to have ushered in some improvement for the housing market according to new data from S&P Indices. The statistics show that the US National Home Price Index increased by 3.6% in the second quarter of 2011. That increase was welcomed following the 4.1% drop experienced during the first … [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...]

Banks Considering Offering Payday Loans

In a somewhat surprising move, banks are considering expanding their loan offerings to include payday loans. It is surprising because companies offering this type of loan have been under scrutiny and a lot of criticism for charging exorbitant interest rates for payday and Refund Anticipation Loans (RALs). … [Read more...]