Despite Lessons From Great Recession, Few Consumers Save For Emergencies

Despite Lessons From Great Recession, Few Consumers Save For Emergencies

Did consumers learn nothing from the Great Recession? Okay, they learned several things, but putting away for a rainy day doesn’t appear to be one of them. [More]

(James Callan)

Poor Credit Reports Start Vicious Economic Cycle; Can It Be Stopped?

For some people, bad credit is a result of being irresponsible. For others, it’s a matter of bad luck and overwhelming circumstance. Alas, the credit reporting agencies don’t make such distinctions, meaning someone whose house went into foreclosure because he lost his job and also had to be hospitalized is treated the same as the person who stopped making mortgage payments because they didn’t feel like it. [More]