If Americans didn't have enough financial problems to worry about, a new report recently said that workers are more productive now than they were three decades ago but are making less money.
According to the Employment Policy Research Network, a collective of researchers from a number of different fields and universities, productivity for American workers rose 78 percent between 1980 and 2009.
However, while employees have been able to significantly increase efficiency, they still make less money in real terms than they did during the 1980s. For example, a male between 35 and 44 who only has a high school degree has experienced a median compensation decline of 10 percent.
With the rising price of gas and food, and the lack of recovery of the housing market, this news does not bode well for Americans. Despite the numerous hurdles, however, a number of consumers continue to look for ways to improve their financial standings. Some individuals, who are unable to secure loans and financing because of bad credit, have turned to credit repair companies for help with boosting their credit scores.
Anytime a consumer spots an item on his or her file that is unverifiable or reported in error, it may be challenged and potentially removed. By taking steps to strike these marks from a credit document, some consumers may get the lift they need to improve their overall financial standing.