Monthly Archives: June 2019

Consumer debt at record in 2019 – above financial crisis levels

While the US economy is very strong, with a record low unemployment rate, increasing incomes, and more available jobs than people to work them, it is unfortunate that consumer debt is at a record high, even above the level prior to the 2008 financial crisis. It has been steadily increasing for the last several years. This debt level is one bad data point in the otherwise strong economy. As we have reported on, when the job market and economy are at record levels of strength, as they are today, people …

How To Avoid Emotional Spending

Do you make a decent salary but can’t cover your bills, in debt or living paycheck to paycheck? If you frequently find yourself being short on cash– even with a hefty bonus or overtime pay, then, there might be something wrong with your spending habits. The average adult makes 35,00 choices each day, and many of those choices involve personal finance decisions– from getting out of bed, going to work, morning coffee, a trip a grocery store, not exercising, bad food choices- which can increase healthcare spending and so forth. …