France’s own economic problems will soon make it unable to help bail out weaker European countries. When that happens, the euro game will be up
debt
Americans Saved Less Money Last Month
In September, consumers spent more but made less than expected. As a result, the national savings rate dropped to 3.6%, which is the lowest level it has been since the beginning of the recession. And that has some people nervous.
Good News: Americans Saved Less Money Last Month
In September, consumers spent more but made less than expected. As a result, the national savings rate dropped to 3.6%, which is the lowest level it’s been since the beginning of the recession. And that has some nervous. The popular economics blog Calculated Risk blog had this to say:
Spending is growing faster than incomes – and the
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How Shopping Is Good for the Economy—And Your Soul
Forget about diligent saving, careful spending, and avoiding debt. Forget about tax cuts and private investment. For the economy to blossom, it is essential—and morally, the right thing to do—for consumers and the government …
Why the Stock Market Rally Isn’t Likely to Last
U.S. share prices are rising, even though the economic picture both here and in Europe is getting worse. Why is it happening and what should you do about it?
Credit Scores Down But Credit Card Debt Up
Numbers don’t lie, but sometimes they don’t tell the whole story. Credit score and product site CreditKarma.com compared the amount of credit card, mortgage and student loan debt in each state, along with each state’s average …
Scariest Student Loan Debt Numbers Ever: $100 Billion, $1 Trillion
For the first time ever, the total amount of student loans taken out last year in the U.S. topped $100 billion. And sometime this year, it’s expected that outstanding student loan debt will hit $1 trillion—also for the first time ever.
Suze Orman Offers 4 Tips on How to Save (and Spend) Your Money
“Are you afraid?” asked Suze Orman. “Are you afraid when it comes to your money? Well, you should be.” The lively personal finance expert and host of CNBC’s The Suze Orman Show appeared at Chicago Ideas Week (CIW) last night, …
Struggling for Investment Answers? It Helps To Reframe The Question
Tom ran a public opinion survey a while back where some of the respondents were asked if they believed they could save 20% of their income. Only half said yes. But when the other respondents were asked if they thought they could …
FTC Blasts Government Debt Collectors For Abuses
It’s not unusual for a government agency to go after rogue debt collectors, but it’s rare that those collection firms are operating on behalf of another federal agency.
99 Money Tips: Save on Concerts, Smartphone Plans, Auto Expenses, DIY Projects, and Debt Collector Confrontations
Also, learn from the mistakes of others: Check out lists of foolish (and wasteful) assumptions consumers make all the time, the dumbest money moves during one’s college days, and incredibly stupid things people do when shopping online.
Financial Infidelity: A Quarter of Americans Willing to Hide Money Troubles from Their Spouse
It’s cheating, but a different kind. According to a new survey, 1 in 4 married people in the U.S. would not tell their spouse if they were experiencing financial difficulties. Some didn’t want to worry their partner, while …