Report: Bankruptcies Dropping Toward Pre-Crash Levels

Report: Bankruptcies Dropping Toward Pre-Crash Levels

We’re nearing the All-Star break for baseball, which means it’s time to enjoy the annual tradition of looking at the American Bankruptcy Institute’s half-year stats. The bad news is that a butt-ton of people and businesses in the U.S. are still filing for bankruptcy, but on the up side, that number continues to show a downward trend after its most recent peak in 2010. [More]

Consumers Spent A Bit More Than Expected In July

Consumers Spent A Bit More Than Expected In July

A 0.8% increase in consumer spending may not seem like something to throw a parade over. And really, it’s not. But it is the largest gain in 18 months and the first increase of any sort since April, so it’s a reason to not frown. [More]

Personal Bankruptcy Filings Down In First Half Of 2011

Personal Bankruptcy Filings Down In First Half Of 2011

If you’re looking for some not-so-bad news on the economy, here’s a morsel for you: The number of individuals filing for bankruptcy during the first six months of 2011 is down significantly compared to the same time period in 2010. [More]

Banks Back In Business Of Lending Money, People Back To Borrowing

Banks Back In Business Of Lending Money, People Back To Borrowing

The New York Federal Reserve just issued its latest quarterly Household Debt & Credit report — which looks at the state of mortgages, home equity borrowing, auto loans and credit cars — and, for the first time in a few years, there are a number of not-so-bad things to say about things. [More]