Budgeting

Tariffs impact – low income families

Tariffs have been in effect for several months now. Not only will the rate on billions of dollars of Chinese imports soon to be increased to 25%, but there may also be tariffs placed on hundreds of billions of dollars of additional imports later in 2019. Low income families or those that live paycheck to paycheck (which is most Americans) should start to plan now for higher costs. We do not write about politics. This site and blog is not meant to be political, so we will not write whether …

Your share of the national debt is almost $70,000

In February 2019 the total US debt crossed $22 trillion dollars. The annual deficit is now over $1 trillion dollars. This means that each and every American (regardless of your age) owes about $70,000 to the creditors who have loaned this country money. The amount that you owe is also increasing rapidly due to interest compounding as well as new debt being added to the pile. Note that the $70,000 dollar does not even include any debt that you may owe from your local city, county, state, or other municipal …

Record number car loans delinquent, millennials lead the way

As we have been reporting on, Americans are in more debt than ever and the number of car loans that are 90 days+ delinquent is at a record high. There are more people who are seriously delinquent on their auto loans as 2018 ended than ever before, with millennials in the worst shape. The situation is getting worse too, as Americans are in record debt on about everything, and to make matters worse, they are in so called bad debt, meaning credit cards and auto loans among other types. When …