Consumer Confidence index falls after release of unemployment data

The government has come under heavy fire during the past month as a result of slowing job growth and fewer signs of recovery. The country's economic struggles have many Americans wary about their financial futures, according to the latest Rasmussen Consumer Index. The index, which measures consumer confidence, recently fell to its lowest level in […]

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Climbing college-related costs putting strain on Americans’ wallets

The economic downturn has left a number of Americans scrambling to keep their jobs and save as much money as possible. Not only have food and gas prices surged during the past few months, but the cost to go to college has also increased, CNN Money reports. As a result, a number of parents may […]

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New legislation aimed to help consumers with medical debt

Consumers who suffered credit score damage because of a small but burdensome amount of medical debt may soon receive some relief. U.S. Rep. Heath Shuler recently introduced the Medical Debt Responsibility Act of 2011, which would give credit reporting companies 45 days to remove any paid or settled debt amounting to $2,500 or less per […]

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Tips for avoiding bad credit reports

A recent article from WalletPop discussed several ways for consumers to avoid ruining their credit reports. Those hoping to maintain a respectable credit score should avoid having too many credit card accounts, the article relayed. While no finite number exists that consumers should avoid, WalletPop recommends having "a good mix of credit and an adequate […]

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Small businesses ‘scraping by’ in May, NFIB chief economist says

Small business owners felt less optimistic in May than they did a month earlier, as many are struggling to stay afloat as a result of the recent drop off in consumer spending. The NFIB's latest Small Business Optimism Index dropped 0.3 points in May to 90.9. Although the figure only fell slightly, it does indicate […]

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Consumer spending declines, encourages Americans

Recent data released by the Commerce Department revealed that consumer spending declined during May, which may signal a movement toward increased savings. Retail sales declined for the first time in 11 months, while auto sales were affected by the natural disaster strikes in Japan. Overall, spending decreased 0.2 percent after increasing 0.3 percent during April. […]

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Gas Index falls, Food index rises in May

The latest Consumer Price Index report from the U.S. Bureau of Labor Statistics indicates consumers received some relief at the gas pump by the end of May. According to the BLS, the energy index fell 1 percent last month, resulting in the first decrease in 10 months. The gasoline index dropped 2 percent in May, […]

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Hiring figures to increase as positive intentions increase

According to a recent report conducted by ManpowerGroup, employment and hiring figures are expected to increase during the third quarter of 2011. The company's Manpower Employment Outlook Survey revealed that employment should be up a seasonally adjusted 8 percent during the third quarter in 2011, which is up from the 6 percent gain recorded a […]

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Avoiding late bill payments may avoid fees, improve credit scores

A recent report from the Daily News-Miner relayed that credit card holders who fail to meet their monthly payments in a timely fashion may suffer significant consequences. Many card issuers can charge their account holders as much as $39 per violation. The article likens the fee to a speeding ticket, as card companies issue them […]

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Credit scores play integral role in insurance premiums

Many car owners are aware that their credit scores play a factor in their auto insurance premiums, but some may not realize how much money they may be losing as a result of bad credit. A recent study from CarInsurance.com found that drives who had a FICO credit score higher than 750 saved an average […]

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