Bankruptcy Filings Spiking: Chapter 7 Booming and 8 Years of Credit Card Industry Lobbying and $100 Million in Fees.
There is probably no bigger sign of economic distress than bankruptcy. It can be in the form of a business unable to pay debt obligations or an individual simply unable to keep up with former obligations. Most people that file for bankruptcy are not in a good economic spot. In fact, if you want a […]
Does a College Degree Protect your Career? Unemployment Rate for College Graduates Highest on Record.
As many students begin applying for the 2010 academic school year, students are looking at an economic climate where endowments are hit, student loans are more restrictive, and parents have seen 529 plans sink along side their retirement plans. The upcoming school year will be highly competitive and expensive but will it be worth it? […]
The American Consumer Meets Minimalism: How This Recession Will Change the American Consumer.
Is the American consumer forever changed? Did the current recession alter the seemingly unrelenting spending machine known as the American consumer? From early indications, it looks like some habits will be changed for a very long time. This is a big shift given the nearly endless round of bubbles in the past 30 years culminating […]
Home Equity Loans: $674 Billion in Total Loans. When The Household ATM Goes Out of Order. First, Second, Third, Fourth, and Even Fifth Mortgages.
Home equity was once seen as a cushion for a rainy day. People built up home equity as a means of paying off their home loan and saw it as a source of security. The days of the mortgage burning parties were all but lost in this housing bubble. The roots of the housing bubble […]