The United States is in the middle of a devastating long-term economic decline and it is getting really hard to deny it. Until we understand exactly how bad our problems are we will never be willing to accept the solutions. The truth is that our leaders have absolutely wrecked the greatest economic machine that the world has ever seen. Most Americans just assume that we will always experience overwhelming prosperity, but that is not anywhere close to the truth. We are not guaranteed anything. Our manufacturing base has been gutted, the number of jobs is declining, more Americans are dependent…
Archive for April, 2011
Study Finds Consumers Pay Credit Cards Before Mortgages
Posted on April 12, 2011 by Saldutti
TransUnion released a study that reveals the divergence in payment patterns – where consumers are increasingly apt to pay their credit cards before their mortgages – has now occurred for three straight years. However, for the first time since the deviation began, the percentage of consumers who are current on their credit cards and at least 30 days delinquent on their mortgage payments has declined. “The latest data from our study show that the new payment hierarchy has persisted for longer than many industry experts initially believed, and provides evidence that consumers continue to adjust their payment behavior in response…