US Supreme Court Allows Class Action Lawsuit against Debt Collector to Go Forward

The United States Supreme Court recently struck a blow against unethical and abusive creditors by allowing a class action lawsuit against a debt collector to go forward. The class action suit was initially filed by Saliha Madden, a NY borrower who was joined in the lawsuit by other debtors who objected to Encore Capital Group’s […]

Study Finds That Credit Card Debt Remains a Problem for Many US Consumers

A recent study by the Federal Reserve Bank of Boston (Boston Fed) found that the number of people racking up credit card debt is going up, with just 35 percent of credit card holders in the United States actually paying off their monthly balances in full. Whether it’s a person who simply elects to hold […]

Growing Divide between US Homeowners and Renters

Renters in New Jersey, New York and just about everywhere else in the US are struggling to make the leap to become homebuyers. The economic recession is over and home prices are on the rise. While this is very good news for the two-thirds of adults in the United States who currently own homes, it’s […]

Student Loan Debt Can Cause Prospective Homebuyers to Delay Real Estate Purchases

A recent survey revealed that the vast majority of people paying off student loans are also struggling to purchase a home. In fact, the survey found, one of the major reasons for these individuals’ inability to buy a home is their college-related debt. The survey was conducted by two groups: the National Association of Realtors […]

Study Contradicts Theory That Millionaires Flee States with Higher Taxes

It has long been assumed that high net worth individuals, along with their businesses, are more likely to move when states raise tax rates on the rich. However, a new study shows that perhaps this is inaccurate: millionaires do not necessarily move to low-tax states, or no-tax states, in order to avoid paying a higher […]

Debt Problems, Low Wages Make It Hard for Families to Rent Affordable Homes

Although the economic recession is over, many people still struggle to cover their living expenses because they simply are not earning enough money and are buried underneath a mountain of debt. According to a report issued by the National Low Income Housing Coalition (NLIHC), a person who works 40 hours per week and earns the […]

Study Finds That Most Americans Can’t Cover Unexpected Emergency Expenses

This is the first article in a blog series on emergency savings and financial security. Check out the second blog article, “A Lot of Americans with Financial Struggles Focus on the Present, Don’t Worry about the Future.” A majority of Americans report that they would probably not have the funds needed to cover emergency expenses, […]

Recent College Graduates Need to Avoid Racking up Credit Card Debt

This is the second in a blog series on student loan debt and other money matters faced by college graduates. Check out the first blog article in this series, “Pay Back Your Student Loans before the Interest Charges Spiral Out of Control.” When students finish college and enter the real world, they may be unprepared […]

Pay Back Your Student Loans before the Interest Charges Spiral Out of Control

This is the first in a blog series on student loan debt and other money matters faced by college graduates. Check out the second blog article in this series, “Recent College Graduates Need to Avoid Racking up Credit Card Debt.” It’s college graduation season, a time when many young people are celebrating their hard work […]

Most American Workers Not Ready to Cover the Costs of Retirement

A recent study found that most Americans are not realistic when it comes to estimating the amount of money they will need during retirement. The cost-of-care study, conducted by Genworth Financial, a major long term care insurance provider, estimated that the median cost to hire someone who can assist with household tasks is $3,861 per […]

Skip to content