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You know, every financial or economic guru seems to have differing opinions on how increasing tax rates would impact the ailing economy. Some economists say that increasing taxes would devastate the economy further by taking money out of the little man’s pocket and taking more money out of potential circulation into the market place, [...] Well, in more less than stellar news for our flailing economy, it was announced that foreclosure rates were actually at a record level, even higher than they were at the height of the newly discovered mortgage crisis back in 2008 and the subsequent economic crumble, for the month of August. Foreclosure rates jumped significantly [...] It’s interesting that a lot more people now are opting to either choose a shorter mortgage loan term when they first buy a home, instead of the traditional, and popular 30 year mortgage that used to be the gold standard. It’s really interesting because it usually would amount to a larger payment, because you [...] It’s not totally surprising to me that credit card debt has hit an almost decade long low. It may seem totally counter intuitive to think that credit card debt would be very low in a time when people are cash strapped because of a variety of causes. Things like joblessness, less overtime hours [...] In more troubling news that a lot of Americans are under water when it comes to bill, mortgages, and overall credit extensions, there is a new report that Fidelity came out with, detailing the finding that the last quarter had some of the highest hardship withdrawals from their 401k and retirement plans. It [...] |
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