The Elderly And Rising Bankruptcy
August 2, 2008
With the down turning economy and subsequent credit crunch a surprising trend has emerged. Bankruptcy claims filed by the elderly has seen a staggering climb. This is a trend that would have been unheard of just a decade ago but with the rising cost of medical bills and prescription medicines along with... more
Credit Card Debt Is Not Limited To The Middle Class
July 30, 2008
Credit card debt is primarily thought to be a problem restricted to the lower income bracket. Middle class and lower class are the ones thought to carry the largest and the most credit card debt due in part to their smaller pay checks. This misconception is coming to an end as all sectors of the economy... more
Are Today’s Youth Equipped to Face the Future?
July 28, 2008
The newest generation of earners and spenders might be ill-equipped to exist in today’s economy. At the same time as our economy becomes ever-more complex for individuals to navigate, as debt increasingly becomes a nigh-inescapable part of our financial lives, and as more and more complicated... more
Higher Incomes Hits By Credit Card Debt
July 28, 2008
The economy’s been suffering, and in the wake of the credit crisis that began last year, more and more people are in debt, for greater and greater amounts of money. Experian, one of the three big US credit bureaus, reports that the average credit card user owes $6,900 specifically in credit card... more
Watching Out For Debt Problems
July 27, 2008
If too much accumulated debt accompanied with the inability to pay it down on a consistent basis is taking the joy out of your life, you have something in common with many others. This troubling problem is an indication of financial problems in the future. It is so important to be able to recognize... more
