Credit card debt sets a record: Is that good or bad?

September 20, 2017 Bob Sullivan 0

US consumers broke through quite a barrier earlier this year, when total credit card debt topped $1 trillion for the first time since the Great Recession. Then in June, total credit card debt reached $1.021 trillion, besting the previous record set back in April 2008, just as the Great Recession began. […]

Sick of overdraft fees? There’s an app for that

September 5, 2017 Bob Sullivan 0

In this story New apps aim to cut down on accidental overdrafts and cash flow issues. Will the apps end up like Payday loans, or a better deal? Steps you can take without needing an app Remember when banks feared that new consumer protections would make it harder to charge […]

Dow up 20%, wages up 2.5%. So why are we cheering?

August 4, 2017 Bob Sullivan 1

The Dow is up about 20 percent since Donald Trump’s election. Wages are up 2.5 percent on an annualized basis.  That’s what you need to know about the U.S. economy right now. Sure, today’s jobs report has lots of people cheering.  Most of them are cheering, however, because the news […]

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