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June 2010

Facts and figures on Father’s Day 2010

What are your plans for Father’s Day? As the economy improves slightly, consumers in America will spend a bit more this Father’s Day, with the average person spending about $94, up from $91 last year. Total Father’s Day spending is expected to be about $9.8 billion, reports the National Retail... Read more →


Credit card companies circumvent new law

Issuers of credit cards are thinking up innovative ways to get around a new credit law, which was designed to help consumers by curbing abusive practices. The Consumerist gives these examples of new tricks being used: First Premier Bank charges a $95 processing fee before the card is used, to... Read more →


Recall of the Week: GE front-loading washing machines due to fire and shock hazard

GE is recalling about 181,000 front-load washing machines. A wire can break in the machine and make contact with a metal part on the washtub while the machine is operating, posing fire and shock hazards to consumers. GE is aware of seven incidents in which flames escaped the washing machines... Read more →


What were your best and worst consumer experiences this week?

Which consumer happenings cheered you recently and which ones made you want to scream or weep? 

Here are my best and worst consumer experiences this week: 

 My best: Buying plants and planting my gardenWe finally had a nice day in the Seattle area – 70 degrees. I planted the... Read more →


Tips for selecting a financial planner

Working with a financial planner, but aren’t satisfied? Thinking about finding one? Financial planners can offer valuable assistance to baby boomer consumers, especially in planning for retirement. Freemoneyfinance.com offers this list of seven errors consumers make when choosing a financial planner: 1. Interviewing only one candidate. 2. Failing to gather... Read more →


Many baby boomer women do research before filling prescriptions

Forty-four percent of baby boomer women research prescribed drugs using multiple sources before filling a prescription, a survey found. A subset of boomer women, called “Ka-boomers,” are less trusting of medical authority, deeply skeptical of direct-to-consumer advertising, and inclined to research the drugs they're prescribed, weighing benefits against cost and,... Read more →