Which city in the U.S. is the most burdened with credit card debt? A new poll by CreditCards.com reveals just that, assessing the debt burden of the top 25 metropolitan areas. But the discussion goes further than just which city has the highest average credit card debt because a big factor in the study’s rankings include the median income in the area, showing the true disparity between debt and earnings. It also tabulates how many months it would take to ... Continue Reading →
Recent findings from the Federal Reserve revealed that Americans are still buried in debt even after the recession and financial recovery. In fact, as a nation we now have $884.8 billion of credit card debt, not to mention our rising student loan and medical debt. And while our credit card debt totals are down approximately 5% since last year, analysts point out that’s because so many people have defaulted on large amounts of debt, not that we’re paying it off. ... Continue Reading →
Pretty soon, we may be seeing a new face on the old, familiar twenty-dollar bill, thanks to the efforts of a campaign called Women on 20s. Since 1920, the likeness of President Andrew Jackson has graced the twenty, but the movement to replace him with a famous woman from American history has picked up steam – catching the attention of the White House and Congress. They’ve even voted on the most suitable replacement and Harriet Tubman was the top ... Continue Reading →
The richest people in the United States are getting richer at an alarming rate, while the middle class and poorest families are losing ground on both wealth and wage inequality. The wealth gap has gotten markedly worse since the recession and especially the recovery, so much so that we’re at levels not seen since the Great Depression.
Those are the findings of prominent economists like Emmanuel Saez and Gabriel Zucmanm, respected organizations like the Pew Research Center, and credible studies like ... Continue Reading →