Retirement folklore seems to have everyone believing you need $1 million to be able to retire.
According to The Fair Isaac Company, 37% of consumers who use credit cards carry more than $10,000 of debt.
The latest Federal Reserve numbers from January has revolving consumer debt at $851 billion dollars.
A small group of state lawmakers suggested Tuesday that Rhode Island should default on the money it owes for its failed investment in former Red Sox pitcher Curt Schilling’s bankrupt video game company.
Most tax filers are getting a refund after they file their 2012 return. With the average refund running about $3,000, a lot of people will be thinking about what to do with the extra cash.
The average taxpayer’s refund this year will be around $3,000 this year. This is not a windfall!
According to a National Foundation for Credit Counseling survey, when asked if their personal financial problems were self-inflicted or the result of events beyond their control, the overwhelming majority of respondents admitted responsibility for their financial woes.
As we approach the end of a tumultuous calendar year, I’m thankful.
The new Consumer Financial Protection Bureau will make sure the large firms are not harassing or deceiving consumers into paying a debt and are using accurate data to pursue debts.
Speaker John Boehner believes he holds a strong hand in fiscal cliff and debt limit talks. He is, once again, taking the global economy hostage and playing politics with the U.S. debt limit.