As Our Lives And The Economy Got Worse, We Really Liked Playing Zombie

Think our current cultural fixation on zombies is just part of the zeitgeist? A Clemson University literature professor says that it’s not that simple. Focusing on the zombie walks occurring in many cities, she points out that people have become more interested in playing zombie over the last decade as we feel powerless, peniless, and disenfranchised.  [CBS Charlotte]

(KaramellZucker)

Survey: Consumer Confidence At Highest Level In Four Years

Hip hip, hooray: Americans seem pretty darn positive right about now, according to a new survey that says consumer confidence for last month was at the highest level in almost five years. The report pegs this feeling to improving conditions in the job market, as hiring in the summer months was stronger than predicted.

[More]

(misterjt)

Americans Are More Confident About The Economy Than We’ve Been In 7 Months

Stores are busy announcing holiday hirings, home values are rising and American are feeling pretty darn good about all of that. So good, in fact, that a new survey of consumers shows we’re the most confident we’ve been about the economy for seven months. [More]

Small Business Owners Didn't Feel So Confident In March

Small Business Owners Didn't Feel So Confident In March

If the path to economic recovery will be led by small businesses believing in the future and growing, it may still be a while until we get there. Bullish sentiments among small business owners trended the way of Linsanity. [More]

U.S. Adds 227,000 New Jobs While Unemployment Remains Steady

U.S. Adds 227,000 New Jobs While Unemployment Remains Steady

Everyone is all abuzz this morning with the latest numbers from the U.S. Labor Department, which show we’ve boosted the job count by more than what was forecast in February. While the unemployment rate stayed the same at 8.3%, we added 227,000 jobs, up from the predicted 210,000. [More]

Home Prices Hit Lowest Levels Since '06

If you’re waiting for home prices to start going up before you sell your house, feel free to keep waiting. As of December, house prices were still slipping, reaching their lowest levels in five years according to one index. [More]

Unemployment Claims Are Lowest Since '08

In a sign that the black cloud that’s hovered over the economy for the past several years may be ready to give way to a little sunshine, unemployment claims dropped to 348,000 in the week that ended Feb. 11 — the lowest level since March 2008. According to the U.S. Department of Labor, the number of claims dropped by 13,000 from the previous week. [More]

Even Though Incomes Are Up, Americans Aren't Ready To Spend More

Even Though Incomes Are Up, Americans Aren't Ready To Spend More

Although there are signs of hope for the economy as American incomes were up by the most they have been in nine months, the fact that we’re also keeping our spending exactly the same isn’t so great. [More]

White House: Unemployment Insurance Must Be Extended To Help Spur Job Creation

White House: Unemployment Insurance Must Be Extended To Help Spur Job Creation

As the deadline to approve the payroll tax cut extension looms 10 days away, White House officials are speaking out to urge Republicans in the House of Representatives to approve the measure that only days ago was hailed as a bipartisan compromise when it passed in the Senate. However, the White House says Republicans have now changed their tune. [More]

10 Million More In Poverty Because Of  Medical Expenses, Census Reports

10 Million More In Poverty Because Of Medical Expenses, Census Reports

If you were to subtract the cost of health care expenses from family incomes, an additional 10 million more Americans would be considered in poverty by official measures, the U.S. Census Bureau said this week in a new report. [More]

BofA Reaps Fees From Unemployment Benefits Loaded On Debit Cards

BofA Reaps Fees From Unemployment Benefits Loaded On Debit Cards

While Bank of America’s now-abandoned plan to charge debit card users $5 a month has received a halogen spotlight recently, far less attention has been paid to how it collects fees off the unemployed. In some states, unemployment benefits are issued via Bank of America debit cards. States save money by not using paper checks, but the unemployed lose out from all the fees hiding in the cards. [More]

New Wave Of Mortgage Defaults On Horizon

New Wave Of Mortgage Defaults On Horizon

Some of the crappiest mortgages ever made were issued in 2006, and right now those 5-year introductory teaser periods are expiring. That’s leading to a 300% increase in monthly payments for already strapped borrowers, and it’s what’s driving the first increase in delinquent mortgages since 2009, a banking expert tells Credit.com. [More]

Study: Old People Are Getting Richer, Young Are Getting Poorer

Study: Old People Are Getting Richer, Young Are Getting Poorer

The economic times are apparently going relatively easy on old folks while sticking it to the whippersnappers. Those at retirement age and beyond were better off in 2009 than they were in 1984, while their younger counterparts faced more difficult struggles. [More]

Video: Occupy Portlanders Open Credit Union Accounts On Bank Transfer Day

Video: Occupy Portlanders Open Credit Union Accounts On Bank Transfer Day

Saturday was the fifth of November, and many remembered to take a stand and shut down their big retail bank accounts, transferring their cash to a new credit union account. Here’s a video out of Occupy Portland covering what happened on Bank Transfer Day. Interviewees talk about why they’re switching to a credit union, and how this is just the beginning. [More]

Video Of People Closing Down Their Accounts At Big Banks

Video Of People Closing Down Their Accounts At Big Banks

Tomorrow is Bank Transfer Day. By this date, people all across America are shutting down their accounts at large, costly, name-brand banks and transferring their funds to new bank accounts at their local credit union or community bank. Here is an excellent video made in Portland that follows along with several different people as they close their bank accounts and give their reasons for doing so. One person wants to save money, another disagrees with the bank’s foreclosure practices, a third is mad about the bailouts, and the last is a union withdrawing its funds to show solidarity with holding Wall Street accountable. [More]

1 In 15 Americans Classify As Poorest Poor

1 In 15 Americans Classify As Poorest Poor

A record number of Americans classify as the poorest poor, according to a new report. Right now, 1 in 15 Americans live at least 50% below the official poverty level of $22,314 per annum for a family of four. That’s making do with about $11,000 a year split between four people. [More]

Triple Dip Predicted For Home Prices

Triple Dip Predicted For Home Prices

Home prices are headed for yet a third bottom, their lowest yet, says a new report by financial analytics company Fiserv. [More]

Consumer Spending Went Up .6% In September

Consumer Spending Went Up .6% In September

Even though they haven’t been making any additional money for the past three months, consumer spending ticked up 0.6% in September. Are people spending more because they feel that the low interest rates they get from the bank make it less valuable to save? [More]