Group items tagged

Despite the tough financial times US citizens still believe that American dream is alive, even though, the government doesn't do its best.

About 5.4 million Americans are going to fly during this holiday season - a drop of 9.7 percent comparing with the last year. According to AAA, the declined number of expected air travels makes the volume this year the seventh lowest over the past ten years.

According to a recent study of over 7,000 Americans by GOBankingRates has found that 69% of respondents claimed to have less than $1,000 in savings.

Many US adults are woefully ill-prepared for an unplanned expense, they don't have any emergency fund. Nearly half of all Americans said in a survey they would not be able to afford to pay for a $400 emergency. 

Consider that higher education isn't the ticket to a guaranteed job like it once was. Consider also that education costs have been rising far above and beyond core economic inflation, making it arguably less valuable. Student loans are the one debt that Americans can't get out of.

Fashion lovers will use it as an excuse to hop a plane to the City of Light-and with good reason-as the annual winter sales, which began today in Paris, offer Americans the chance to snag their favorite brands at a discount, sans the usual anxiety that crops up while converting dollars to euros.

A payday cash advance is a short-run loan which is built to help working Americans cover expenses until their own following pay day. These kind of loans should just provide when you've got a sudden need for cash and should not wait until your next payday.

Share on facebook Share on twitter Share on linkedin Share on email Share on google Share on google_plusone 1 Part of the American dream is an accessible college education, and Aunties love to enable the dreams of their nieces and nephews. For many, however, paying college bills is a looming nightmare. A niece or nephew attending a four-year public university in 2017 could be looking at tuition, fees, and room and board running as much as $100,000. Send Sally to a private school, and you are looking at more than twice that amount, possibly averaging $200,000!

Jamie Dimon, CEO of JP Morgan Chase (JPM), believes that a Greek default would have virtually no impact on American banks.

If you find yourself with less-than-good credit, you are not alone. Business Insider, an online business news website, reports that one in 50 households owes more than $20,000 in credit card debt. Coinciding with this alarming figure, the site further states that more than 2 million Americans look to credit counselors each year to avoid bankruptcy.

Some large retail store chains, including Best Buy, Kmart and Walmart started to branch out into the area of alternative financial services. They began to offer financial services to people with no bank account, the so-called "unbanked consumers", which compose almost 20% of Americans.

The times of relative frugality which were caused by the financial crises seem to pass away as Americans start to borrow again, besides, in rather a big way. Debt on credit cards is constantly increasing, car loans get back their big sales in Detroit and even investors of the stock market are getting into debt again.

As a consequence of the modern debt ceiling bustle, Americans can wait to a list of budget cuts, desolately referred to as severity measures at times.

The debt-ceiling crisis may affect lives of American consumers. Possibly default would have a lot of negative effects for the US. So, what would happen?

Consumer spending increased comparing with the last year. The performed survey shows that most of consumers lack financial knowledge and skills.

When you find yourself in monetary problems, it is very important to stay calm, as there are services that can help you. Many American families have already been used debt consolidation loans.

The recent poll showed that almost a half of the Americans are going to reduce or even cancel their plans on vacation. Some will work during vacation.

Financial concerns have become a major source of financial stress. Let's take a look at this infographic that shows the financial challenges Americans are facing and how to overcome them.

Bank of America became a target of the Federal Reserve for the mortgage bounds being considered as the worst national offender and the state of Arisona now steps in on behalf of its homeowners. A lot of American families were led to foreclosure expecting the mortgage loan modification promised by banks.