Category Archives: Personal Finance
Atlanta Consumers Look For Ways To Pay Increasing Gas Prices
Uncle Sam was hoping a recent tax cut would get pumped back into the economy – but it looks like it might just get pumped into our gas tanks. In December, President Obama signed a payroll tax cut that would slash Social Security withholdings from 6.2 percent to 4.2 percent in 2011- essentially a 2… Read More »
Rising Gas Prices Put Financial Burden on Struggling Consumers
It looks like taxpayers might already have a use for that extra money from President Obama’s payroll tax cut – filling up the gas tank. Legislators hoped that the tax cut – which gives many Americans the equivalent of a 2 percent raise by shaving the amount of paycheck withholdings for Social Security from 6.2… Read More »
Why More Senior Citizens Are Filing For Bankruptcy In Retirement
I always thought senior citizens spent their retirement golfing and gardening. Turns out they spend it much like the rest of us – stressing over how to pay growing bills. Since the recession began, the number of senior citizens filing for bankruptcy has skyrocketed. Expensive prescriptions, decreasing home values and stock market crashes have left… Read More »
Why More Elderly Americans Are Passing Debt On To Their Families
I always thought of Grandma as the penny-pinching, coupon-clipping type. So I was more than a little surprised when, after she passed away, we learned that she’d left Grandpa with thousands of dollars in debt. Sadly, it’s becoming an even more common scenario in today’s economy. Rising healthcare costs and medication prices coupled with dwindling… Read More »
Debt-Free in 2011 Part II: How to Stick to Your Goals
You’ve made the resolution to get out of debt this year. Now comes the hard part, say Atlanta bankruptcy attorneys – sticking to it. If merely wanting a goal was enough, we’d all be skinny, rich non-nail biters. Obviously that’s not the case. In reality, most folks fail to keep New Year’s resolutions because their… Read More »