Category Archives: Economy
Bankruptcy Can Help Americans Lower Debt Stress While Economy Recovers
Despite news that the economy is recovering, Atlanta residents and the rest of the country are still stressed out. What’s the reason? More than 46 percent of people surveyed by the Associated Press said that debt was a major source of stress in their lives. Even though we’re scrimping and saving, it doesn’t seem to… Read More »
College Grant Scam Ads Put Chicago Students in Debt
Wouldn’t it be great if the government paid you to go to school? Maybe that’s why a growing number of Americans are falling for college scholarship scams. Chances are you’ve noticed the online advertisements claiming the government is giving grants to folks who earn less than a certain amount every year, to stay-at-home moms, to… Read More »
More Consumers Turn to Chapter 7 Bankruptcy to Relieve Debt, Say Chicago Bankruptcy Attorneys
The recession may be good for something after all: getting rid of debt. On the one hand, tough economic times are making consumers more reliant than ever on credit, say Chicago bankruptcy attorneys. Many of us have been piling new debts on top of the balances we carried before the recession hit. On the other… Read More »
Atlanta Bankruptcy Attorneys Are Saving Less But Spending More
Even though a weak job market is threatening to stall economic recovery, Americans increased their spending in January, Atlanta bankruptcy attorneys say. With unemployment still hovering just under 10 percent, incomes remained almost flat in January – rising by around 0.1 percent, significantly lower than what economists expected. And for those lucky enough to retain… Read More »
Chicago Bankruptcy Attorneys Say Americans Spend More But Earn Less
Americans spent more – but earned less – in January, say Chicago bankruptcy attorneys. Personal spending was up 0.5 percent in the first month of 2010, according to The Commerce Department. That would seem to bode well for economic recovery, except that incomes in January rose by just 0.1 percent, much less than what economists… Read More »