According to a recent Workonomix survey conducted by Accounting Principals, a leading finance and accounting staffing firm, 43% of American workers surveyed plan to focus on paying down or paying off consumer debt as one of their top personal finance goals for 2012. Only 27% identified adding to their emergency fund as a top priority [...]
I’m subjected to commercials from Western Sky Financial whenever I watch the Retro TV channel. These advertisements are targeted at people who take out payday loans. The typical payday loan customer rolls over the loan repeatedly, racking up hefty fees, before paying it off or defaulting. Western Sky admits that their money is expensive. But [...]
The Federal Reserve noted in its latest release of consumer credit data on January 9, 2012 that outstanding consumer debt increased at an annual rate of 10% in November 2011. This represents a substantial spike in a trend of increased consumer debt that began in the fourth quarter of 2010. Total outstanding consumer debt has [...]
