The Federal Reserve has determined that household net worth – all the things of value a person has like houses and checking accounts – dropped nine percent in the last three months. This is the biggest quarterly decline in over fifty years. Things seem bad for the average American these days, but nine percent is […]
Even before the full force of the economic downturn became part of the nightly news, the levels of stress Americans were feeling about our finances were pretty intense making heart healthy living more difficult. The American Psychological Association completed a survey called Stress in America, released in October 2008 (with data collected as late as […]
Everywhere you go, you will be able to hear news about the economic crisis. For example, the United States of America is currently suffering from recession. It means that United States’ economic activity begins to slow down thus making business profits, household incomes; employment rate and inflation rate fall. We are all greatly affected when […]
With the current economic crisis that the world is facing, it has created a lot of financial hardships. Retirees can attest to that financial hardship because the recent downturn in the financial market has caused a lot of money from the investments held by shareholders. Retirees who have indexed pensions might not be that much […]
For several years, the entire world, including the United States, has been undergoing a severe economic recession, with record bankruptcies, bank closures, corporate failures, and extreme rates of unemployment. However, as in all things economic and political, all entities have not suffered equally. While many people struggle, and demand for many items, including gasoline have […]