The Latest Debt & Finance Blog
A member of the middle class in America can make as little as $30,000 or as much as $100,000, depending on whom you believe, but one defining characteristic isn’t so…
Since the Great Depression, Democrats and Republicans have defined themselves as the new version of Santa Claus. Saint Nick brings wonderful things to children for free. There’s no cost. When…
More and more older Americans are reaching retirement age without enough money to survive in the way they would prefer, according to multiple surveys and studies. Is there anything Congress can do? Or, rather, is there any Congress will do?
Just when economists were prepared to report on the dismal state of the American real estate market for another quarter, new statistics revealed a much brighter account. Existing home sales…
More than three dozen Republican U.S. Senators voted against the $1 billion Veterans Job Corps Act of 2012 – a fully paid-for, bipartisan piece of legislation that would have put thousands of veterans back to work tending to the country’s federal lands and bolstering local police and fire departments.
Wars throughout history have racked up debts for the countries involved. In the United States, conflicts tend to lead to the rise of both debt and taxes as the government…
Banking used to be simple. Bankers lived by the 3-6-3 rule — borrow at 3 percent, loan at 6 percent, and hit the golf course by 3 in the afternoon.…
A new federal agency aimed at enforcing consumer finance laws tangled with its second high-profile target since opening its doors less than two years ago. The Consumer Financial Protection…
Freshly graduated college students are finding little success in the job market. Low starting salaries and the need to repay student loans is pushing many of them to go back to school.
As Americans diligently work to recuperate from the worst economic recession since the Great Depression, recent reports show the road to recovery may prove to be very long. The Great…
Sources:
- Consumer Federation of America (2012, September). The Financial Status and Decision-Making of the American Middle Class. Retrieved from http://consumerfed.org/cfa-news-update-september-5-2012/