Unemployed workers are unlikely to see much relief as they look to consolidate debt while looking to restart their careers, as Kiplinger is forecasting unemployment rates to remain above 10 percent through both 2009 and 2010. In an article written by The Kiplinger Letter associate editor Jerome Idaszak, he warned that national unemployment figures stood […]
In the aftermath of having to consolidate debt and adjust their financial ways in the wake of the Great Recession, America’s more well-to-do population is still bracing for more economic troubles before a recovery is truly felt. According to a survey by PNC Wealth Management, only 20 percent of "ultra-wealthy" Americans felt the nation’s economy […]
President Barack Obama’s most recent weekly radio address outlined his hopes that renewed engagement with the East may help to spur domestic job growth and reduce the amount of unemployed workers looking to consolidate debt. In his address, Obama detailed his recent trip to Asia in the last week as an opportunity to "open a […]
Month-by-month unemployment rates increased in 29 states and Washington D.C. in October as more workers lost their jobs and have been forced to consolidate debt, the Department of Labor’s Bureau of Labor Statistics reported on Friday. Alaska and Wyoming saw their unemployment rates see the largest increases, with growth of 0.6 percentage points to 8.9 […]
After a precipitous decline in 2008, travel during the 2009 Thanksgiving holiday weekend is expected to increase despite consumers’ continued efforts to consolidate debt and limit their expenses in the wake of the Great Recession. According to a recent study conducted by AAA, Thanksgiving weekend travelers will increase by 1.4 percent from 2008’s figures with […]
A new type of sale being utilized stateside by some online retailers this holiday season may provide opportunities for those consolidating debt to get their holiday shopping done without breaking the bank. According to online discount website Totsy.com, "flash sales" are a type of promotion being used by an increasing amount of U.S. retailers this […]
The U.S. Federal Reserve has announced a new set of proposed rules regarding the shelf life of gift cards and how often fees can be applied to them. Under the proposed rules, no dormancy, inactivity, or service fee could be applied to any gift or prepaid card until the card had been issued for a […]
In an attempt to prevent the Federal Trade Commission from passing amendments to the Telemarketing Sales Rules that could harm the debt settlement industry, the Association of Settlement Companies has come out in support of the industry and detailed why it better serves consumers in need than credit counseling. For consumers who are struggling to […]
While the spike in unemployment seen during the recession has led to many jobless workers who must deal with debt consolidation and other financial problems, the effects of joblessness may reach beyond only financial problems. According to a newly released report from the National Bureau ofEconomic Research studying the short-run effect that the job loss […]
Consumers are becoming more cost conscious when it comes to what they eat at restaurants, enabling them to do so more, according to a new survey from AlixPartners. According to the survey, consumers’ expected spending per meal at a restaurant has decreased by 20 percent to $11.49 when compared with data from the first quarter […]