Personal income climbs 0.5 percent in March

American consumers may have new reason to feel optimistic, as new data from the U.S. Commerce Department's Bureau of Economic Analysis shows personal income rose 0.5 percent last month. “Personal income continues to show strong growth – for the first quarter of 2011, personal income grew at an 8.1 percent annual rate, boosted by the […]

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Initial unemployment claims rise, economy struggles

An increasing number of Americans filed for first-time unemployment claims during the week ending April 23, which may suggest many individuals are still struggling to find work. According to the U.S. Department of Labor, seasonally adjusted initial claims climbed week-over-week to 429,000, during the seven-day period ending on April 23. This total, which was 25,000 […]

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The importance of spotting credit reporting errors

Credit reporting errors may happen to consumers who pay their balances in time each month and to individuals who struggle to make payments at the end of each billing cycle. Questionable and problematic items come in all shapes and sizes, which is why it's important for consumers to check their credit reports regularly. Consumers who […]

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Survey predicts economic growth to rise for all of 2011

A recent CNN Money survey of economists says the economic growth rate slowed during the first quarter of 2011, to 2 percent. This new prediction comes only three weeks after experts forecasted a 2.7 percent growth rate. Although the survey found economists expect low totals during the first three months of the year, they do […]

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Survey finds consumers feel more confident about employment market

The Conference Board's latest Consumer Confidence Index points to an upward momentum in Americans' feelings toward the economy. The index rose to 65.4 in April, up from 63.8 in March. While the rise was modest, it helped curb a sharp fall from February to March, says Lynn Franco, director of The Conference Board Consumer Research […]

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Students rely heavily on loans to finance college

A recent survey from The Associated Press and Viacom found about six in 10 students rely on college loans to help fund their higher education. According to the poll, college students say money problems have caused them to reconsider the schools they attend and how quickly they must fulfill their degree requirements, The Associated Press […]

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Tourism spending up for U.S. travelers

U.S. travelers appear to be spending more on their trips than they have in previous years, according to Visa's recent Tourism Outlook: USA. The credit card issuer found Visa cardholders who traveled to Canada spent $3.5 billion on their Visa cards last year – an 8 percent increase from 2009. These tourists were followed by […]

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Consumers lack financial education, leads to poor credit practices

Young adults who are in their 20s and 30s are increasingly finding themselves digging through debt at a time when they should be saving for their future, according to The Arizona Republic. Although the struggling economy is a large reason for these individuals' money problems, the report says a lack of financial literacy is another […]

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Survey finds startups looking to add workers

Consumers who are looking for a new job may want to get their credit in order and practice their interviewing skills, as Silicon Valley Bank's Startup Outlook 2011 found 83 percent of its surveyed startups plan to hire new workers this year. The financial institution's survey, which consisted of 375 U.S.-based companies in the hardware […]

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Low interest rates are greatest concern for credit card applicants

A new report from comScore indicates many consumers are gaining confidence in the U.S. economy and are looking to secure a new credit card. The research leader's annual Online Credit Card Report, which included data from a research panel of 1 million consumers and a survey of roughly 2,000 Internet users, found that 20 percent […]

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