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Posts Tagged ‘Consumer Credit’

Deadbeat Nation: A Shocking 77 Million Americans Face Debt Collectors

A new research says about 77 million – a stunning number, Americans have a debt in collections. But how is it possible that tens of millions of Americans are in such dire straits? Wages have barely kept up with inflation during the 5 year recovery, as per Labor Department figures. But.. recovery? And consumer confidence at 2007 highs?

United States Of Debt: Total US Debt Hits A New Record Of Nearly $60 Trillion

What would you say if I told you that Americans are nearly 60 TRILLION dollars in debt? When you total up all forms of debt including government debt, business debt, mortgage debt and consumer debt, the U.S. is in 59.4 trillion dollars in debt. And most of this debt has been accumulated in recent decades.

Will Consumer Credit Drive The Next Economic Boom

The age of “easy credit terms” and “no money down” led to a consumption boom that offset a decline in actual economic productivity, incomes and savings. Of course, the basic lesson of economics is that it is savings that ultimately leads to productive investment, production and economic growth.

Why Are So Many People Renouncing American Citizenship?

In recent years, a lot of American people with deep roots here have made the difficult decision to say goodbye to the United States permanently. The number of Americans that renounced citizenship was 221% higher in 2013 than was in 2012 – A staggering figure & symptomatic of a larger trend.

37 Reasons Why “The Economic Recovery Of 2013? Is A Giant Lie

Of course, the reality of the matter is that we should have seen some sort of an economic recovery by now. All of that stimulus should have had some positive short-term effects on the economy – Sadly, all of those emergency measures do not appear to have done much at all.

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