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So officially we’re not in a recession anymore, right? Well tell that to families, as census statistics reported that income went down for the second year in a row, there are fewer families making $100,000 a year in income, there are more people without health insurance and there are more people living in poverty, 14.3%. [...]
Faced with the loss of many millions from the ending of all those bank fees due to being overdrawn, many banks are coming out with new ways to stick it to consumers so that they can build up their coffers once more. Of course last November I wrote about Citibank and Bank of America raising [...]
Last week the National Bureau of Economic Research came out with a report saying that not only is the recession over, but that it actually ended last July. Their Business Cycle Dating Committee stated this: “a trough in business activity occurred in the U.S. economy in June 2009. The trough marks the end of the [...]
Who’d have thunk it. For most of the first decade of the 2000′s, people were spending money like there was no tomorrow. Even as the economy started to show signs of trouble, people kept buying. And why not; credit was easily attainable and credit card issuers couldn’t give cards away fast enough. Then in early [...]
In a recent news article, it was reported that banks will also start laying off people as the economy struggles to recover. It’s not just American banks, but banks across the United States. The article mentioned that around 330,000 employees have already been let go because of the financial mess, but believes there will be [...]
I struggled with the topic for this post because there are different types of financial counseling one might need, yet it would involve more than one person typically. The truth is that most people need financial counseling in one way or another, sometimes multiple ways. Whether it’s to make money or save money or not [...]