Category Archives: Debt
Older Americans Strain Finances Helping Kids, Grandkids with Debt
Retired Americans are supposed to be enjoying their golden years. Instead, they are increasingly spending their savings helping their younger relatives stay financially afloat. From high employment to rock-bottom home values, the economic downturn has put a strain on families. As our Chicago bankruptcy lawyers recently reported, middle-age parents may struggle just to pay the… Read More »
Atlanta Bankruptcy May Help Gen-Xers Regain Financial Steam Lost in Recession
The recession hit most Americans hard, but it didn’t hit us all equally. New data indicates that members of Generation X – or those who fall between the ages of 35 and 44 – have experienced the most financial strain as a result of the economic downturn. Between 2005 and 2010, Gen Xers watched their… Read More »
Tennessee Bankruptcy Helps Members of Hard-Hit Generation X Get Back on Their Feet Post-Recession
The last half-decade has been tough on us all. But no one has more reason to complain than one group. According to recently released data from the Census Bureau, people between 35 and 44 years old – often categorized as Generation X – saw the largest percent decline in median household net worth of any… Read More »
Gen-Xers Who Lost Big During Recession May Benefit From Chicago Bankruptcy
Members of every age group have watched their net worth decline in recent years. However, members of Generation X seem to have suffered the greatest losses. From 2005 to 2010, people between 35 and 44 years old saw their median household worth fall by nearly 60 percent, from $80,521 to $33,200, according to MSNBC.com. Nationwide,… Read More »
As Georgia Families’ Median Wealth Suffers Post-Recession, Atlanta Bankruptcy Offers a Powerful Solution
If your pockets are feeling quite a bit lighter these days, you’re not alone. Recent data from the Federal Reserve illustrates just how powerful an impact the recession – and the supposed recovery – has had on the finances of American families. Between 2007 and 2010, the wealth of the median U.S. household plunged 39… Read More »