The rate of bankruptcies is still increasing, but the rate is slowing down. A British PriceWaterhouseCoopers study found that the rate of bankruptcies and Individual Voluntary Agreements is still increasing, but the rate of increase is leveling off. The cumulative rate for year to date is still lower than the comparable period from 2006 and 2007. […]
Bankruptcy Rate Increase Slows Read More »
While we are still in a recession, the recession seems to be getting less bad. As a Wall Street fund manager told me today, it might go down in history as “the great recession.” As we all know, this recession has pushed down housing prices around the world. It looks like the worst might be
Housing Prices Show Recovery Read More »
On July 24, 2009 (that’s less than two weeks), the United States minimum wage will increase from $6.55 per hour to $7.25 per hour. That is a difference of $1456 per year for impacted minimum wage employees. That might not sound like a lot to some of us, but it will bring people a roughly 10% raise.
Minimum Wage Increses Read More »
Many people are getting worried and are acting irrationally because of the current economic downturn. I have some advice for people. STOP FREAKING OUT! People freaking out is what causes economic downturns. Everyone hears things are bad so they stop spending. That causes a long chain of economic events that turn into a recession. Anyway,
Using Your 401k in a Rough Spot Read More »
Everyone keeps talking about how the economy is so bad and there is a big recession and the world is going to end. I would not say it is quite an apocalypse. All of the hype is half of the cause of problems. I don’t think we are in a traditional recession, I think we
My Tips in a Recession Read More »
As you all probably heard, the Federal Reserve lowered the interest rate to .25%. This near zero rate caused a spike in the stock market and many reactions around the finance world. What does it mean for you? I’ll tell you! As a borrower, it means you can save money. This is going to be
What Does .25% Interest Mean For You? Read More »
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