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You Better Start Saving, NOW!

Working age people want what some retirees have, enjoying some well-deserved rest and recreation after a lifetime of working.  However, many working age people seem concerned about how they will fund their retirement.  415 more words

Student Debt Bomb - Far From Nuclear

Student debt problems have received considerable attention of late. The general media has focused on individual hardships and broken dreams. The financial media has focused on how much will likely go unpaid, often referring to the potential for loss as a “bomb.” By noting that student debt is second only to mortgage debt as a line item of household liabilities, much of this financial discussion sensationalizes the problem by drawing an implicit parallel to the mortgage debt trouble that seemed to have Wall Street on the brink of collapse in 2008-09. 520 more words

LARRY KUDLOW: Optimism for 2015 - America is better than it has shown

Natural Review: Politics and the economy are both looking up. President Obama’s big-government spending, planning, and executive-branch overreach were crushed at the polls. Elections matter. The GOP has been rejuvenated. 184 more words

Politics

Fostering Dependency: The Candyman's Conundrum

I’ve been taken to task before for asserting that extended unemployment benefits aggravated the increase in the jobless rate during the so-called “Great Recession.” New research finds that those extensions actually were a primary contributor to the increase.  321 more words

News stats..Higher debt, but lower defaults

Saw this article today about higher consumer debt levels BUT lower defaults.   Equifax Canada is quoted as saying that consumer debt rose by 7.2% in  the second quarter 2014 to $1.45 trillion ,compared with $1.35 trillion from a year ago. 443 more words

Mortgage News

America's most indebted generation? Gen X

Millennials may owe more in student loans than any American generation, but their Generation X elders are actually the most in debt.

That’s according to a study released Wednesday by Federal Reserve Bank of St. 424 more words

Finance