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Well, it used to be, way back when, that you’d work for one single company for almost your entire adult working life, and you’d retire with your “gold watch” and a nice pension or retirement nest egg. That was before the new economic reality that unfortunately faces us today, one that has forced many [...] A fact that I read recently really troubled me. It troubled me because I felt for these people who had to claim bankruptcy, one of the most emotionally devastating things anyone has to do in their lives, which can destroy relationships and ultimately create depression and unhappiness, had to file it because their medical [...] It’s always hard when you think you’re getting ahead and something major sort of explodes into a big bill that you totally weren’t expecting, nor did you fiscally plan for. In other words, you didn’t have one of those cool “emergency funds” that everyone seems to talk about having that’s so important and yet [...] In an unprecedented time of mortgage difficulties and issues with people being able to refinance their homes in the current credit crunch, there are some wild stories coming in about how individual congressmen and women are actually taking matters into their own hands and calling on behalf of their constituents to get their homes [...] Although some are saying that the closing of around 800 car dealerships in the wake of the impending GM bankruptcy is what the company has needed now for years after being oversaturated in the dealerships, of course this is not good news for the economy, since more jobs will be lost of course through [...] The economic recovery would be looking a lot rosier if it weren’t for the piling up of foreclosures that seem to be continuously indundating the economy as of late. We’ve heard some promising signs of increasing consumer confidence, but the foreclosure rate still seems to be catching up to all of this bad lending [...] |
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