Do you feel like you are in a financial crisis? Well a lot of American consumers are feeling the same way. Based on an article published on the NYTimes.com, the American middle class is no longer the world’s richest. They used to be the most affluent in the world. But now, they are trailing behind […]
What Keeps Your Low Income Household From A Financial Breakthrough
Have you ever wondered how you can rise from a low income household? If you come from one, you probably understand the sentiment. Nobody wants to remain poor all their lives. They want to get out of the stressful cycle of living from paycheck to paycheck. But you have to understand that the circumstances surrounding […]
Mounting Debt Threatens the Fragile Middle Class
According to recently-available data from TransUnion, one of the country’s principal credit-reporting agencies, American consumers are more leveraged today than at any point in the past year. The average household’s credit card debt increased by 6 percent over last year’s figure to nearly $5,000. Worse, consumers appear to be falling further behind on their credit […]