Category Archives: Debt
Economy Picks Up, But Consumers Are Still Weighed Down by Debt in Tennessee
The good news is that the economy is showing signs of life. The bad news is that the recession has left many of us with so much debt that we won’t be able to take advantage of the economic improvement. As The Tennessean reports, home construction, factory output, and employment – all important economic indicators… Read More »
As Economy Improves, Many Consumers Are Still Weighed Down by Debt in Atlanta
The economy may be showing signs of improvement, but our finances are another story. One in five U.S. families currently have more in debt than they have in savings, according to a recent USA Today report. Even worse, some of us have no cash cushion at all. By the end of 2011, 23.4 percent of… Read More »
Growing Consumer Denial About Overspending Contributes to Debt, Chicago Bankruptcy
A new survey shows that half of Americans spend more than they earn for at least part of the year. Yet only 1 in 10 believes they are living beyond their means, reports MSNBC.com – and the number of consumers in financial denial may only grow as the economy picks up. During the recession, many… Read More »
To Fix Finances, Consumers Must Take Emotions Out of Decisions to Cut Costs, File for Atlanta Bankruptcy
If you had a broken leg, you wouldn’t cross your fingers and hope it would heal on its own, right? You’d get yourself to a doctor – stat. Yet most Americans take the first approach when it comes to our financial health. When faced with potentially crippling money problems, we routinely hold off on taking… Read More »
To Repair Finances, Consumers Must Take Pragmatic Approach to Cutting Costs, Filing for Tennessee Bankruptcy
American consumers are traditionally pessimistic about the national economy. Yet when it comes to our own economies – our family finances – we can be optimistic to the point of default. From mounting credit card debt to missed mortgage payments, today’s average consumer faces big financial troubles. But when it’s time to fix our finances,… Read More »