David Walker, the former Comptroller of the United States from 1998 to 2008, is warning the general public that Social Security is untrustworthy and is on the cusp of insolvency. Get ready. It has been a while since Walker has been front and center in the mainstream media. Walker was one of the very first […]
Archives for March 2015
Week in Review: Mar. 9 to Mar. 15
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: Sigh: Treasury Secretary Jack Lew warns debt limit needs to be raised soon CEO Jim McCaughan: U.S. recession is ‘probably 3 years away’ (hot) Report: 9 financial habits […]
Financial expert recommends keeping your debt 36 percent of income
Liz Moyer of the Wall Street Journal believes you should keep your debt levels between 28 and 36 percent of your entire income. This is prudent advice considering that consumers continue to pile on debt, even though the economic crisis taught us – or should have – to always have enough in our reserves to […]
Chart: Spending on food at home vs. away aligns
How much do you spend on food at home and how much do you spend at restaurants and fast-food joints? If you’re strapped for cash then this is probably one of the reasons why you have a few pennies leftover at the end of the month. Let’s face it: eating at home is a lot […]
Survey says most tax refunds will be used to pay down debt or put into savings
How are you doing this tax season? If you’re like most other Americans, you’re pulling out your hair and ripping out your nails filling out tax forms – why is the tax system so complicated? Many Americans expect to receive a tax refund this year and most will put that money towards their debt levels […]