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More than four in 10 Americans are living paycheck to paycheck and nearly one in 10 doesn’t earn enough to pay for essentials, according to a study released Tuesday. The survey, conducted for the Allstate insurance company by FTI Consulting Inc., underscored the conflicted emotions and attitudes about personal finances among ordinary people. It showed the challenges that people are facing in a soft economy and troubled labor market, but it also [...] From Bargaineering: With the New Year already upon us, now is the time to make some changes in your personal finances. You may very well face a tax increase in the near future, and with a continuously slumping economy, you can never be too careful. In order to protect yourself in the face of financial uncertainty, here are five tasks to complete in 2013: 1. Reduce Credit Card Debt The average American carries [...] 
from goldsilver: The world’s economy is in peril, and it doesn’t look like Singapore will be spared. The government knows it, saying we have to be prepared for slow growth and periods of recession in the advanced economies in the next three to four years. Ministers telling us to save money for a rainy day, a lowered economic projection, all of this happening recently. And it looks like even the average person on the [...] HOW DO AMERICANS FEEL ABOUT THEIR JOBS? • 56% of Americans Would Choose a 5 Percent Raise Over More Vacation • 59% of Americans Would Choose a Different Career • 53% of American Workers Have Three Months of Savings or Less New York & Sunnyvale, Calif., August 29, 2012 — PARADE Magazine teamed up with [...] he Rasmussen Reports daily Presidential Tracking Poll for Thursday shows Mitt Romney attracting 48% of the vote, while President Obama earns support from 44%. Four percent (4%) prefer some other candidate, and five percent (5%) are undecided. Today, consumer confidence has fallen to the lowest level of 2012. Most Americans believe both the economy and their own personal finances are getting worse. Long-term optimism about the economy has fallen to the lowest level ever [...] Ruh-oh. We just got this in the inbox from Discover Financial Services, which keeps its own tally of consumer discretionary purchases. ————– Discover’s June U.S. Spending Monitor is available today and shows consumer confidence dropped to its lowest levels since the start of 2012, declining 4.8 percentage points to 90.7. June’s monitor reports that consumers saw their personal finances and the economy as worsening, leading to lower spending intentions, specifically on discretionary purchases. … http://www.businessinsider.com/discover-june-consumer-discretionary-spending-2012-7 by ZH Having staggered along the bottom, mired in misery and reality, for over 3 years, the Bloomberg Consumer Comfort Index finally signaled depression-fatigue in January of this year and started to break out – albeit to historically still low levels. This was then heralded in self-fulfilling style as an indication that everything was good again in the world, money would come off the sidelines, consumers would buy more iPads and [...] I refuse to believe he will get away with this. http://www.washingtonpost.com/opinio…y.html?hpid=z2 Mitt Romney’s secrets By Editorial Board, Published: April 22 MITT ROMNEY’S contemptuous attitude toward the importance of public disclosure is increasingly troubling. Whether it involves the details of his personal finances or the identity of his big fundraisers, the presumptive Republican is setting a new, low bar for transparency — one that does not augur well for how the Romney White House would [...] From Bloomberg: The number of Americans filing first-time claims for jobless benefits last week held at a four- year low and consumers became more confident, indicating an improving labor market may boost household spending. Applications (INJCJC) for unemployment insurance benefits were unchanged in the week ended Feb. 18 at 351,000, the fewest since March 2008, Labor Department figures showed today. The Bloomberg Consumer Comfort Index rose to minus 38.4 in the week [...] Sam’s a profligate spender. No matter how much he earns, it’s never enough, and his mounting credit card debt is proof. Ironically, Sam is concerned about his retirement, so he takes a second, part-time job and deposits all those earnings into an IRA. While Sam’s personal finances are teetering on the edge, his retirement account is firmly planted on solid ground. Sam repeatedly raises the limit on his credit cards, but [...] video platformvideo managementvideo solutionsvideo player Although it is not apparent on his financial disclosure form, Mitt Romneyhas millions of dollars of his personal wealth in investment funds set up in the Cayman Islands, a notorious Caribbean tax haven. A spokesperson for the Romney campaign says Romney follows all tax laws and he would pay the same in taxes regardless of where the funds are based. As the race for the Republican nomination heats up, Mitt [...] From The Dividend Guy Blog: … Besides fixed income and equities or sectorial and geographic diversification, are there any other ways you can look at your portfolio to make sure it is well diversified? There are a few other things to consider while building your portfolio. I’ve discussed how I manage my asset allocation but there are other types of diversification that are considered uncommon. I think it’s important to consider the [...] Following a disappointing government jobs report last week, the Rasmussen Consumer Index, which measures the economic confidence of consumers on a daily basis, slipped more than two points on Wednesday to 75.6. The index is down nine points from its level on June 3, the day the government released its unemployment report. Consumer confidence is down 11 points from a week ago, nine points from [...] Riddle me this…. if consumers make up the lion share of GDP, and consumers are fundamentally shifting away from consuming anywhere near the levels of days gone by, why would anyone think we are going to recover to the past version of normal. I say a new normal, lower consumption era is here to stay. I believe media, financials, .gov and worse, the retailers and CRE have yet to get the [...] Heaven forbid it’s not that complicated. Europe is a major trading partner of the United States. Anything that happens over in Europe directly, or indirectly impacts the United States economy. Historically, financial crises have spawned long periods of economic destruction, panic, uncertainty and this crisis, so far, has been true to form. For starters, overall consumer demand is unlikely to propel strong economic growth in the foreseeable future. Think about that [...] |
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