- Credit card debt is at an all-time high – and still on the rise.
At the end of Q4 of 2018, the Federal Reserve Bank of New York announced that U.S. personal credit card debt hit the $870 billion mark. Not only do they expect that number to hit $900 billion in 2019, but it also marks the highest level ... Continue Reading →
The Chinese have a saying, “May you live in interesting times,” and these are definitely interesting times for the U.S. economy – and the average consumer.
In fact, we’re receiving a lot of mixed signals as the economy seems to be rosy, unemployment low, and businesses booming, but there’s also hesitance surrounding the real ... Continue Reading →
Time is a curious thing. Albert Einstein put it best when he talked about the relatively of time.
“When you sit with a nice girl for two hours, you think it’s only a minute, but when you sit on a hot stove for a minute, you think it’s two hours. That’s relativity.”
However, Einstein probably wasn’t alluding to the average workday when he ... Continue Reading →
Facebook is in the news again these days, with its founder, Mark Zuckerberg, testifying in Congress. We always knew that Facebook was in the business of collecting (and then selling) our data, but we had no idea how mind-bogglingly intrusive their focus was, as they can access and record just about ... Continue Reading →
With a population of just over 1,000,000, San Jose is no second city to nearby San Francisco anymore, and its economic foundation is also one of the strongest in the entire nation.
In fact, San Jose’s real estate market has been one of the hottest in the U.S. over the past couple ... Continue Reading →
We regularly hear about financial statistics like national debt, unemployment rates, and even homeownership levels in the U.S. Whether it’s on the TV news, in the newspaper, or via news reports online, it seems like we can’t escape data about our economy – and the individual consumers in it. However, there is ... Continue Reading →
If you’re a real estate agent, loan officer, or work in sales in any capacity, then prospecting is a way of life. Cold calling, door knocking, social media posts, email newsletters, mailing postcards, prospecting phone calls, and even open houses are the tools of the trade. In fact, you probably spend the ... Continue Reading →
If you have a credit report, there’s a good chance that you’re one of the 143 million American consumers whose sensitive personal information was exposed in a data breach at Equifax, one of the nation’s three major credit reporting agencies.
Here are the facts, according to Equifax. The breach lasted from mid-May through July. The hackers accessed people’s names, Social Security numbers, birth dates, addresses and, in some instances, driver’s license numbers.
Whether your information was exposed, U.S. consumers can get a ... Continue Reading →
Last week, the credit bureau Equifax made a shocking announcement: they’ve been hacked. Not only has the cyber security at one of the nation’s three biggest credit bureaus breached, but the personal data of up to 143 million of its customers was compromised – which is about half of all U.S. consumers.
According to reports of the hack, the information that cyber-criminals ... Continue Reading →
Our economy seems to be rolling along nicely, with a full recovery from the Great Recession and the stock market hitting record levels. But is all well and good with the economy when it comes to American consumers spending, debt, savings, and retirement?
Here are 25 frightening financial facts to ponder:
1. 52% of Americans ... Continue Reading →