As the recession toiled on in 2009, many Americans’ financial situations required that they become more frugal in their ways. However, a new survey has found one way in which financial cuts were made was by purchasing used items instead of splurging on new ones. According to global business-to-business e-commerce company Alibaba.com, the economic downturn […]
Americans who are struggling through debt counseling and feel that their economic troubles have no end in sight may be able to take solace in knowing they’re not alone and a majority of Americans are finding it difficult to accumulate wealth. According to a recent survey from Bankrate.com, 70 percent of Americans believe it is […]
Americans may finally be a little less frugal and intent on consolidating debt in the new year, as a new survey shows more are planning on splurging a little in the first half of 2010. According to a Harris Interactive poll taken between December 4 and 17, 2009, only 58 percent of Americansplanned on reducing […]
In a very telling example of how Americans fared throughout 2009 as many sought to consolidate debt amid the Great Recession, consumers’ bankruptcies soared to their highest rate since 2005. According to data filed by both the American Bankruptcy Institute, consumer bankruptcies totaled 1.4 million by the end of 2009. The figure was noticeably higher […]
With the onset of the Great Recession during 2008, consumers around the world were quick to become frugal in their shopping as a means to consolidate debt, even if they didn’t necessarily cut down on how much they shopped. According to a recently released study by Deloitte Touche Tohmatsu on the worldwide economic prospects during […]
In a sign that consumers are still willing to put aside debt worries and bad credit for causes that matter to them, many charities reported an uptick in giving throughout 2009. According to the Fidelity Charitable Gift Fund, incoming contributions for 2009 stood at $1.1 billion, $0.6 billion higher than their totals from one year […]
While the U.S. employment situation hardly ended 2009 on a positive note for jobless workers looking to consolidate debt, it was hardly disappointing either as the unemployment rate remained stable from November to December According to the U.S. Department of Labor, the national unemployment rate for December remained at 10 percent. The rates last change […]
Looking to help out those who are still battered by the recession and looking to cut costs as they consolidate debt, a new promotion from Target will transform the retailer into something of a bulk seller to kick off 2010. "The Great Save," a new seven-week program that began in some locations this weekend, will […]
Unemployed workers in debt counseling who are desperate for a turnaround in the job market may be heartened by the newest ADP National Employment Report released on Wednesday that showed a continued drop in employment loss as 2009 came to a close. According to the study, employment for nonfarm private sectors decreased by a seasonally […]
When those facing debt counseling must deal with the flu or seasonal cold this season, there are a number of ways to keep oneself healthy while staying on the cheap. According to Dr. William Schaffner, chairman of the Department of Preventive Medicine at Vanderbilt University, there are a number of ways for cash-strapped consumers to […]