Surprisingly, the Federal Reserve has captured headlines in the United States, even with the NSA leaks and the IRS targeting scandal. The three major points of Fed news: paper value loss, former Fed Chairman Alan Greenspan’s suggestion of slowly tapering off the stimulus and a poll finding Fed Vice Chair Janet Yellen as the most […]
Archives for June 2013
Seniors facing severe financial collapse in U.S.: Census analysis
Analysis of the 2011 United States Census Bureau data by Interest.com found that seniors in nearly every state are facing tremendous financial strain and are falling short of when it comes to affording their days in retirement. The study found that seniors across the country are living off of a median household income of $35,107, […]
Report: Overdraft fees costing Americans $225 on average each year
A new study by the Consumer Financial Protection Bureau (CFPB) found that overdraft fees are costing bank customers on average $225 every year. These overdraft charges occur when the client overdraws their checking account and the financial institution covers the transaction rather than denying it. Each of the overdraft charges depend on the bank. The […]
Economic collapse, scandals lead to petition calling for Obama to resign
In the last several weeks, reports have been surfacing showing that the Internal Revenue Service has been targeting conservative, anti-government organizations, the Department of Justice has confiscated personal records of journalists and the National Security Administration has been spying on millions of Americans. Add all of this to the sluggish economy, an official unemployment rate […]
President Obama urges CEOs to pay women fairer at 50th anniversary of Equal Pay Act
Speaking at the 50th anniversary of the Equal Pay Act on Monday at the White House, President Obama stood before a backdrop of smiling women and urged CEOs in the United States to treat women fairer and equally, especially when it comes to wages. The Equal Pay Act of 1963 was signed into law by […]