Category Archives: Debt
Data Shows Recession Decimated Household Wealth; Tennessee Bankruptcy Can Help Families Rebuild Finances
If your family’s finances are still reeling from the recession, you’re not alone. According to new data from the Federal Reserve, median household net worth fell almost 40 percent between 2007 and 2010. At its lowest point, median wealth dropped to 1992 levels. Middle-class families lost the most financial momentum. While the wealth of the… Read More »
U.S. Families Lost Over One-Third of Wealth in Recession; Chicago Bankruptcy Can Aid Financial Recovery
If you feel poorer since the recession, you’re not imagining things. Between 2007 and 2010, the median wealth of American families fell by 39 percent, according to the Federal Reserve. In 2007 alone, wealth dropped from $126,400 to just $77,300. Middle-class households suffered the greatest declines because much of their financial wealth is tied up… Read More »
Struggling 20-Somethings Living With Parents May Find Freedom through Tennessee Bankruptcy
These days, young adults may be more likely to move back into mom and dad’s house than into a home of their own. A lackluster job market and growing debts may explain why an estimated 30 percent of people between the ages of 25 and 35 are now living with their parents or grandparents -… Read More »
Atlanta Bankruptcy May Offer Freedom for Growing Number of Young Adults Forced to Move In With Parents
It used to be that teenagers were itching to get out of their parents’ house by age 18. These days, young adults are moving back in with mom and dad. Nearly 30 percent of 25- to 34-year olds are living with parents or grandparents, according to a recent article in The Christian Science Monitor. For… Read More »
For Young Adults Forced to Move In With Mom and Dad, Chicago Bankruptcy Can Offer Independence
Faced with growing debt from credit cards and student loans, a record number of young adults are moving in with mom and dad. As of 2012, an estimated 3 in 10 young adults are living with their parents – the highest level since the 1950s, according to the Christian Science Monitor. In the 18- to… Read More »