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Recent consumer reports indicate there was a slight shift among Americans and their approach toward debt — and it seems to be affecting economic growth. According to a July 2012…
Uncertain economic times may become even more challenging in a matter of months, as millions of Americans could face 2013 riddled with significant tax increases. If changes are not made…
Despite the modest housing market gains in the past 12 months, many younger borrowers are still likely to be underwater in their home mortgages, real estate experts recently said. About…
American consumers are doing their best to pay their bills and stay out of debt by using coupons to shrink costs. It’s working — but much more could be saved, experts say.
Long accused of using aggressive and unethical tactics, debt-collection agencies have stepped up their games recently to collect owed monies during these hard economic times. In response, lawmakers nationwide have…
Homeowners confronting the challenges of foreclosure or the short sale of their homes may soon be facing yet another hardship — income tax on money they will never see. For…
In response to overwhelming household debt and tax liabilities, the Internal Revenue Service (IRS) recently announced it intends to aid struggling Americans by possibly reducing their tax debt. In May…
American consumers can’t seem to catch a break. It seems every time we look around, prices are going up. Bank fees are no different. MoneyRates.com recently found that banking costs…
As the American housing market continues to struggle, several banks are making an effort to lessen the financial burden on distressed homeowners. Citigroup is implementing a pilot program this month,…
While America’s demand for mortgages has gone up this summer, the banks still haven’t budged much on their tightened lending standards, CNN recently reported. The Federal Reserve recently announced that…
Sources:
- U.S. Consumers Cut Back on Credit Card Use in June. (2012, August 7). Associated Press. Retrieved from http://www.foxnews.com/us/2012/08/07/us-consumers-cut-back-on-credit-card-use-in-june/#ixzz247Q0oDuY
- Hardekopf, B. (2012, August 13). Credit Card Use Decreases in June. Retrieved from http://www.forbes.com/sites/moneybuilder/2012/08/13/credit-card-use-decreases-in-june/
- Consumer Credit - G.19. Federal Reserve. Retrieved August 24, 2012, from http://www.federalreserve.gov/releases/g19/current/default.htm
- Isadore, C. (2012, July 31). Spending flat despite jump in income. Retrieved from http://money.cnn.com/2012/07/31/news/economy/income-spending/index.htm