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Economy

“Nearly 25% of Americans are going into debt trying to pay for necessities like food”

May 24, 2019

“American have an average of $6,506 in credit card debt, according to a new Experian report out this week. But which expenses are adding to that balance the most? A full 23% of Americans say that paying for basic necessities such as… Continue Reading…

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Economy

“America’s largest cities drowning in debt, with Chicago leading the way, study finds”

May 15, 2019

“The two cities with the highest burden: Chicago and New York City; Chicago’s combined taxpayer burden: $119,110; New York City’s combined taxpayer burden: $85,600… Chicago’s combined Taxpayer Burden: $119,110 New York City’s combined Taxpayer Burden: $85,600 Los Angeles’ combined Taxpayer… Continue Reading…

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Banking, Economy, Personal Finance

“Mastercard and Visa agree to cut overseas card fees”

April 30, 2019

“Mastercard and Visa have both agreed to cut their fees for tourists using their cards in the EU, after a long-running battle with the European Commission. The credit card firms will now charge retailers around 40% less on non-EU credit… Continue Reading…

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Economy, Personal Finance

“America’s Upper Middle Class Feeling the Pinch Too”

April 16, 2019

“The cost of many products and services the upper middle class buys, from autos to college educations, is outpacing overall inflation. While having access to credit, these households are increasingly tapping into costlier forms of debt… Credit card interest rates… Continue Reading…

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Economy

“US budget deficit running 15% higher than a year ago”

April 12, 2019

“The federal government reported a $146.9 billion deficit in March, causing annual debt to rise 15% for the first half of the budget year compared to the same period in 2018. The Treasury Department said Wednesday in its monthly report… Continue Reading…

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Investing, Personal Finance, Predictions, Opinions, & Comments

A Lesson In Debt: Class Is In Session

April 5, 2019

A long time ago an extremely wise person told me one of the most important lessons about debt I’ve ever heard. What he said was this: “If you owe the bank a million dollars you have a problem. If you… Continue Reading…

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Economy

“The real college crisis: Student debt drags down economy”

March 20, 2019

” The college admissions scandal may have driven the conversation about higher education this week, but away from the headlines the far bigger story is student loan debt and what it is doing to a generation of Americans… Consider a… Continue Reading…

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Personal Finance, Predictions, Opinions, & Comments

Cut, cut, cut the debt

March 22, 2019

A debt problem is a major problem. No matter how much a persons makes if they spend more than they take in they’ll never attain financial freedom. This is, or should be common knowledge so why are so many people… Continue Reading…

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