Money: the even greater American pastime
How do you convince Americans to pay for an invaluable lesson in economics? Disguise it as a baseball movie staring Brad Pitt.
Released in September, Moneyball is a film based on finance journalist Michael Lewis 2003 book by the same title, telling the story of the modern, analytical approach to assembling a major league baseball team. Read more…
Debt Relief Isn’t Just Personal
For American consumers, their overwhelming debt is a personal struggle. Living with dun notices, bill collectors and angry creditors, it can make life miserable. If there’s any consolation, there are whole countries in the same position. And how are they getting debt relief? They’re getting it through restructuring of their debt. So can you.
The concept is simple. Eliminate debt by negotiation with creditors. Rather than see you default completely on a debt, most will accept a portion of it back and call it a day. It’s called downgrading debt and it allows the borrower to repay an amount that is more affordable. That’s precisely why debt settlement is one of the number one go to programs for those with personal debt that they find overwhelming. It works and it works well. By entering into a debt settlement program, creditors reassess your debt to them and will often eliminate up to 60% of it so they see some return on their loan to you. While i
More consumer credit card use expected during holiday season
Most consumers tend to spend more when the holidays roll around, and now a greater number will take on credit card debt when shopping online, instead of using their debit cards.
Consumers who are generally feeling better about their finances in the wake of the recession are more likely to use their credit cards than they have been in the past few years, and online purchasing ahead of the holidays will likely see an even greater shift toward that payment method, according to the latest Online Retail Payments Forecast from Javelin Strategy and Research. In addition, they will likely spend more on their credit cards to make a single purchase than they would with debit.
The average online credit card purchase now amounts to $82.10, while the average debit transaction costs $58.29, the report said. Read more…
Credit Consolidation Services-The 5 Questions You Really Need To Ask
Making such an important decision to use credit consolidation services to regain control of your future finances is very serious and therefore should only be made after thinking this through thoroughly. With no end in sight as far as economy growth goes, these types of companies are in high demand and new ones are opening up all around the country every day now. They all will tell you how you will become debt free using their program, but unfortunately most will fail to deliver. We will now discuss the important questions you need to ask if you are going to choose the perfect service or program for your situation.
The first question we need to ask potential credit consolidation services is about the cost and when does the free aspects of their program stop becoming free.
Is the Recession Racist?
The Great Recession is the most racist recession in generations!
At least thats the implication in the CNN Money story titled: Recession worsens racial wealth gap
It all revolves around the wealth gap. Theres been much chatter about the gap between rich and poor since 2008, and the writers of this CNNMoney story (and others) seem to think the gap is due to race.
Can a recession be racist? Is the wealth gap really race based?
Heres the breakdown of the effects of the recession along race lines
The story relies on data from a 2009 study by the Pew Research Center, which found that:
[T]he median wealth of white households was 20 times that of black households and 18 times that of Hispanic households.
The study defines household wealth as:
the sum of a familys assets minus the sum of its debts.
Assets include:
- homes
- cars
- savings accounts
- financial investments
Debts include:
- mortgages
- auto loans
- credit card debt
- other things
Im not sure what they group into other things.