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What a difference a few years can make in the typical American household. The Federal Reserve recently announced that the median U.S. household lost nearly 40 percent of its wealth…
Homeowners facing potential foreclosure with mortgages backed by Fannie Mae and Freddie Mac will not be getting any principal-reduction bailouts, based on a decision announced this week by the Federal…
More than 2 million Capital One credit card customers can expect to receive money back this year after a recent investigation completed by the Consumer Financial Protection Bureau (CFPB) revealed…
After years with little or no oversight, more than 30 U.S. consumer reporting firms will fall under the eye of the Consumer Financial Protection Bureau (CFPB) starting September 30. It…
Between mortgages, home equity loans, credit cards and hospital bills, millions of Americans are said to be living on the financial edge, deep in debt. Companies and banks, frustrated with…
While the once sluggish real estate market has reportedly been on an upswing in recent months, it may actually become more challenging to take advantage of current low housing prices…
There is good news for small business owners and entrepreneurs considering a new venture — lenders are steadily increasing their volume of small business loans. In May, the overall number…
America’s mortgage crisis affected millions of older homeowners just at the time when their retirement nests should be heavily feathered, according to a study from the Public Policy Institute of…
They can be found diligently working in local grocery stores, offices, department stores and within the health care industry – they’re Americans aged 65 and older who remain active in…
There’s good news on the horizon for homeowners and the national economy this financial quarter: More than 700,000 U.S. households regained positive equity in their properties, according to a new…
Sources:
- Americans' wealth dropped 40%. (2012, June 11.) Retrieved from http://www.whptv.com/news/local/story/Americans-wealth-dropped-40/8ZwjBc955UevessxPTHE2g.cspx
- Mullaney, T. Fed: Recession kicked median household wealth to 1992 level (2012, June 13). Retrieved from:
- http://www.usatoday.com/money/economy/story/2012-06-11/wealth-shrank-in-recession-fed-says/55528036/1
- Luhby, T. Wealth implosion: It's not just housing. (2012, June 19). Retrieved from: http://money.cnn.com/2012/06/19/news/economy/net-worth-housing/index.htm