If debt wasn’t more ubiquitous in the collapse of the United States economy amongst private citizens then the following research statistics and figures may suggest the nation’s future is rather bleak as many may perhaps perish in debt. Americans in their 20s and 30s not only have tremendous student loan debt, they also have an […]
Archives for January 2013
Utah owner charging liberals extra $1 for smoothies
George Burnett, owner of I Love Drilling Juice & Smoothies, is charging liberals $1 more for its beverages. To promote the idea that big government, higher taxes and more regulations are not the answer to the nation’s problems, Burnett is charging $4.95 to conservatives, $5.95 to liberals and $3.95 to Crew Team members. “We have […]
Is retirement dead in America?
The Washington Post published an interesting article Monday that showed one in four Americans with 401(k) and other retirement savings accounts are using them to pay for their current expenses. For millions of Americans, they’re using a quarter of the annual $293 billion deposited for retirement for the now. According to the study by financial […]
Student loan delinquency rate now higher than all other consumer loans
For the first time in the history of the United States, the delinquency rate on student loans is higher than the rate of all other consumer loans, including credit and car loans. According to the latest data from the New York Federal Reserve, total student loan debt stands at $956 billion. A new infographic from […]
Will Fitch Ratings downgrade the U.S. credit rating over debt limit?
Fitch Ratings warned Tuesday that the United States could lost its top credit rating if there is a delay in raising the nation’s debt limit. America’s credit rating was lowered in 2011 when the Republicans and Democrats fought over a debt ceiling deal. The U.S. has to raise its debt ceiling by Mar. 1 or […]