Personal finance literacy is very low in many developed countries, especially in the United States and Canada. When the national savings rate is between three and five percent and consumers continue to tack on debt, it suggests that consumers don’t necessarily how to save or invest. Many have called upon the education system to establish […]
Archives for March 2015
22 million Americans turning to tax refund advances during tax season
Polls have regularly highlighted over the past few years that an enormous amount of United States households live paycheck to paycheck and have zero emergency savings. Since many Americans will be receiving a tax refund, cash-strapped citizens will be seeking out tax refund advances. According to new federal data released by the Consumer Financial Protection […]
Week in Review: Mar. 16 to Mar. 22
In case you missed any of this week’s articles, here is a round-up of some of the most read pieces written by the Economic Collapse News staff: David Walker warns of Social Security, state pensions insolvency (hot) ‘Flash Boys’ author Michael Lewis: Yes, stock market is still rigged (hot) Report: U.S. government funding al-Qaeda UK […]
Chart: U.S. gas prices take a tiny dip
The trend so far since February has been the increase in gasoline prices. Although they’re much better than they were a year ago at this time, the trend suggests that motorists can expect to pay more for gas this year. This chart suggests that gas prices are rising, but they did take a tiny dive […]
Jim Rogers: ‘U.S. dollar could turn into a bubble’
Right now, markets and financial analysts are celebrating about how the United States dollar is soaring and the economy is roaring again. All what’s missing are flappers, speakeasies and the slogan “keep cool with Coolidge.” The greenback is trading well on the market, but compared to what exactly? The euro is in devastation, the yen […]