Despite the numerous reports that have been published since the economic collapse that consumers are tackling their debt loads and are beginning to scale back on the high life, Americans are continuing to add billions of dollars in debt. Did the financial meltdown teach anyone anything? According to a new report from CardHub, a credit […]
Archives for September 2014
Is it time to drop the U.S. penny?
For every one cent produced in the United States, it costs the taxpayers 1.6 cents. With this information, the question that is being asked now is: should the federal government abolish the penny? With rising copper prices, the U.S. Mint is seeking out cheaper metal alternatives, but this means it’ll still cost more than a […]
New Hampshire is state with highest average student loan debt (infographic)
A new infographic looks at the student loan debt catastrophe engulfing the United States and its millions of college graduates. The infographic examines where student loan debt is the most prevalent and some of the reasons why students have a difficult time paying back the money. Here are a few of the takeaways from the […]
Study: 5 ways you’re paying more for health insurance
When President Obama first entered the Oval Office, he touted the benefits of the Affordable Care Act, otherwise colloquially known as Obamacare. Since passing the legislation, his cohorts have argued that it would save Americans a lot of money in the end and help those who can’t attain health insurance. This hasn’t been the case. […]
Number of Americans owning stocks fall to 18-year low: Federal Reserve
A new Federal Reserve Survey of Consumer Finance has found that fewer than half (48.8 percent) of Americans directly or indirectly owned stocks last year, which is the lowest level since 1995, a time when only 40.5 percent owned stocks. Just 14 percent of Americans owned stocks directly, down from 21 percent more than a […]