Group items tagged debt - Beating Debt

How the tax code encourages debt : The New Yorker - 0 views

www.newyorker.com/...091123ta_talk_surowiecki

economy debt tax government

shared by Eric Swanson on 18 Nov 09 - Cached

The government doesn’t make people go into debt, of course. It just nudges them in that direction
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This gives the system what economists call a “debt bias.” It encourages people to make smaller down payments and to borrow more money than they otherwise would, and to tie up more of their wealth in housing than in other investments.
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So encouraging people to take on debt qualifies as a genuinely bad idea.
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...1 more annotation...
Subsidizing debt seems harmless simply because we’ve always done it. But the fact that you’ve had a bad habit for a long time doesn’t make it less dangerous.
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Eric Swanson on 18 Nov 09

A great editorial about the problems associated with the government encouraging a debt economy.

<div class="cArrow"> </div><div class="cContentInner">A great editorial about the problems associated with the government encouraging a debt economy.</div>

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are-things-really-getting-better: Personal Finance News from Yahoo! Finance - 0 views

finance.yahoo.com/...e-things-really-getting-better

inflation debt consumer personal economy

shared by Eric Swanson on 05 Dec 09 - Cached

Eric Swanson on 05 Dec 09

See the graph and how it is similar to the Consumer Debt Chart. I think consumer debt is a better indicator of inflation than any other indicator. As consumer debt goes up, it drives "inflated" demand which inflates prices.

<div class="cArrow"> </div><div class="cContentInner">See the graph and how it is similar to the Consumer Debt Chart. I think consumer debt is a better indicator of inflation than any other indicator. As consumer debt goes up, it drives "inflated" demand which inflates prices.</div>

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Beware of 'Debt-Relief' Offers - WSJ.com - 0 views

online.wsj.com/...SB125763415390436265.html

debt relief

shared by Eric Swanson on 11 Nov 09 - Cached

Eric Swanson on 11 Nov 09

For consumers drowning in thousands of dollars of debt, the lure of paying "pennies on the dollar" to their creditors in a process known as debt settlement is tough to resist. But the television and radio ads that blare "pay just 50% of what you owe" too often neglect the fine print.

<div class="cArrow"> </div><div class="cContentInner">For consumers drowning in thousands of dollars of debt, the lure of paying "pennies on the dollar" to their creditors in a process known as debt settlement is tough to resist. But the television and radio ads that blare "pay just 50% of what you owe" too often neglect the fine print.</div>

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YouTube - Debt Cancellation - 0 views

www.youtube.com/watch

christian debt cancellation youtube

shared by Eric Swanson on 24 Nov 09 - Cached

Eric Swanson on 24 Nov 09

Beating debt is a financial marathon. Beating debt is not a miracle from God.

<div class="cArrow"> </div><div class="cContentInner">Beating debt is a financial marathon. Beating debt is not a miracle from God.</div>

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Poll: Economy Won't Affect Holiday Gift Spending - AARP Bulletin Today - 0 views

bulletin.aarp.org/...ect_holiday_gift_spending.html

credit card Christmas debt AARP

shared by Eric Swanson on 19 Nov 09 - Cached

Of those 65-plus, nearly half (45 percent) say they’ll spend less than $300
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“We shop every week and buy gifts all year long,” says Fowler, who retired from IBM in 1990. “We don’t wait till the season. It’s easier, and we get as good a deal as ever because we shop while the stores have sales.
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Most people seem to want to avoid racking up debt this holiday season. More than three-quarters (78 percent) say they plan to buy their gifts with cash, check or a debit card.
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Fowler, who lives on Social Security and his pension income, says he always pays cash for holiday gifts
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“That’s the way I’ve always been, since the 1950s,” he says. “We don’t have any credit card debt.
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Some 57 percent of 1,046 people polled—all age 50 and older—say they plan to shell out the same amount of money as last year on holiday presents
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Eric Swanson on 19 Nov 09

Great report from the AARP saying the older generation understands the perils of going into debt this Christmas.

<div class="cArrow"> </div><div class="cContentInner">Great report from the AARP saying the older generation understands the perils of going into debt this Christmas.</div>

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Netspend debt card turn $40 into $60 - 1 views

credit card shopping debt economy Christmas

started by Frank Fucci on 05 Dec 12 no follow-up yet

83% Say Credit Cards Tempt People To Buy - Rasmussen Reports™ - 0 views

www.rasmussenreports.com/...edit_cards_tempt_people_to_buy

credit card debt survey

shared by Eric Swanson on 19 Nov 09 - Cached

Eighty-three percent (83%) of adults say credit cards tempt people to buy things they cannot afford, according to a new Rasmussen Reports national telephone survey
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Eric Swanson on 19 Nov 09

One more reason why we should have more educational ads promoting less overspending and debt. http://www.beatingdebt.org/EducationalAds.php

<div class="cArrow"> </div><div class="cContentInner">One more reason why we should have more educational ads promoting less overspending and debt. <a href="http://www.beatingdebt.org/EducationalAds.php" rel="nofollow" target="_blank">http://www.beatingdebt.org/EducationalAds.php</a></div>

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Answer Desk: Repairing consumer credit - Answer Desk- msnbc.com - 0 views

www.msnbc.msn.com/...business-personal_finance

debt consumer economy

shared by Eric Swanson on 01 Dec 09 - No Cached

Until those households get access to credit again, our consumer-driven economy will continue to slog along in low gear
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Eric Swanson on 01 Dec 09

Can you believe this article? It plainly says, more debt means more recovery. Is anyone afraid of that economic model?

<div class="cArrow"> </div><div class="cContentInner">Can you believe this article? It plainly says, more debt means more recovery. Is anyone afraid of that economic model?</div>

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Finances Gift Ideas Managing the Cost of Christmas Present - 0 views

www.crosswalk.com/...11623075

Christmas spending debt budget finances

shared by Eric Swanson on 06 Dec 09 - Cached

How many days of your hard-earned income will you spend that could otherwise be used to pay off long-standing consumer debt or added to your emergency savings?
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Eric Swanson on 06 Dec 09

A great look at how much it costs our budget if we give too many gifts, without a budget. Let's take a critical look at our budget and see if there are ways to reduce our spending or at a minimum refocus towards "the least of these".

<div class="cArrow"> </div><div class="cContentInner">A great look at how much it costs our budget if we give too many gifts, without a budget. Let's take a critical look at our budget and see if there are ways to reduce our spending or at a minimum refocus towards "the least of these".</div>

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More Americans are planning on regifting, poll finds -- chicagotribune.com - 0 views

www.chicagotribune.com/...efs8-2009nov08,0,3327613.story

christmas credit card

shared by Eric Swanson on 11 Nov 09 - Cached

It's worth noting that Americans who plan to spend less don't always do so. The survey found that of those who made a budget for last year's holiday gift buying, 44% spent more than they had intended
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The poll also found that 6% of adults still carry holiday debt from last year, unchanged from last year.
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Eric Swanson on 11 Nov 09

Amazing that those who tell a pollster they will spend less, don't. Amazing that some people are still paying for last year's Christmas spending. When did celebrating Jesus' birth get so expensive?

<div class="cArrow"> </div><div class="cContentInner">Amazing that those who tell a pollster they will spend less, don't. Amazing that some people are still paying for last year's Christmas spending. When did celebrating Jesus' birth get so expensive?</div>

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How much money is enough? - MSN Money - 0 views

articles.moneycentral.msn.com/...HowMuchMoneyIsEnough.aspx

happy credit card debt economy happiness

shared by Eric Swanson on 19 Nov 09 - No Cached

Take the United States: Richard A. Easterlin, an economics professor at the University of Southern California and a former Guggenheim Fellow, has done extensive research that "found no significant relationship between happiness and time over a period in which GDP (gross domestic product) per capita grew by one-third, from 1972 to 1991."
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Similarly, Eric Weiner notes in "The Geography of Bliss" that America -- "the wealthiest nation in the world" -- is "three times richer than we were in 1950, yet no happier."
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Eric Swanson on 19 Nov 09

Great article on describing the research that more money does not mean more happy.

<div class="cArrow"> </div><div class="cContentInner">Great article on describing the research that more money does not mean more happy.</div>

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Pay With Cash, Avoid Credit Card Debt - Cold Cash Challenge - Use Cash Instead of Charg... - 1 views

www.aarp.org/...cold_cash_challenge.html

saving

shared by Eric Swanson on 16 Nov 09 - Cached

Eric Swanson on 16 Nov 09

If it can work, let's get involved!

<div class="cArrow"> </div><div class="cContentInner">If it can work, let's get involved!</div>

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Scientific Proof That You Hate Christmas Creep - The Consumerist - 0 views

consumerist.com/...t-christmas-creep-is-evil.html

Christmas debt spending consumers

shared by Eric Swanson on 24 Nov 09 - Cached

When do you think it is appropriate for stores to start decorating for and promoting the winter holidays? Before Labor Day1%Between Labor Day and Halloween5%Between Halloween and Thanksgiving36%After Thanksgiving54%Never1%Don't Celebrate Holidays1%Don't Know1%Refused to Answer1%Source: Consumer Reports National Research Center
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Eric Swanson on 24 Nov 09

As retailers try to convince more people to buy more stuff for Christmas, people actually don't respect that at all.

<div class="cArrow"> </div><div class="cContentInner">As retailers try to convince more people to buy more stuff for Christmas, people actually don't respect that at all.</div>

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Liz Pulliam Weston - Stop acting rich, start getting rich - MSN Money - 0 views

articles.moneycentral.msn.com/...g-rich-start-getting-rich.aspx

hyperconsumption debt America economy consumers

shared by Eric Swanson on 20 Nov 09 - No Cached

Too many Americans are what Stanley calls "aspirational spenders" -- people who spend money to make themselves look richer or more successful than they are.But their "hyperconsumption" effectively torpedoes any chances they would have at accumulating real wealth, which typically requires spending significantly less than you earn and investing the difference
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The "keeping up with the Joneses" mentality means the fancier the neighborhood, the less wealth we may accumulate, Stanley said. The opposite is also true: When our surroundings are more modest, we tend to spend less, regardless of our incomes
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Yes, people have cut back their spending because of job losses, less access to credit and the desire to build up savings, Stanley said. But that cutback is likely to be reversed as the economy improves, he said
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...1 more annotation...
"It's not going to change the fabric of people," Stanley said. "Our whole (economic) structure is based on hyperconsumption.
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Eric Swanson on 20 Nov 09

A great look at how our "hyperconsumption" keeps Americans poor.

<div class="cArrow"> </div><div class="cContentInner">A great look at how our "hyperconsumption" keeps Americans poor.</div>

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Black Friday 2009 - Black Friday Sales Numbers Walmart, Best Buy, Target | MintLife Blo... - 0 views

www.mint.com/...black-friday-2009-boom-or-bust

consumer spending Christmas debt black friday

shared by Eric Swanson on 29 Nov 09 - Cached

Eric Swanson on 29 Nov 09

A look at how retail is coming back strong for the Holidays. People are starting to spend more money. Is that always good thing?

<div class="cArrow"> </div><div class="cContentInner">A look at how retail is coming back strong for the Holidays. People are starting to spend more money. Is that always good thing?</div>

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YouTube - Black Friday Hysteria Revealed - 0 views