President Joe Biden signed an executive order Friday on promoting competition in the American economy. It launches a government effort to combat growing market power in the U.S. economy by seeking to ensure that markets are competitive. Read more →
Credit card debt will likely increase by about $60 billion during 2021, even after a $56.5 billion first-quarter reduction in 2021. People trying to get rid of credit card debt should consider spending and repayment. A budget that cuts out luxuries and maximizes monthly debt payments will help. Read more →
Equal Pay Day is on March 24 this year, a date that marks how far into the year women need to work to earn the same as men did in the previous year. It was originated by the National Committee on Pay Equity in 1996 as a public awareness event to illustrate the gap between men's and women's wages. Read more →
It’s started already. The scammers are changing their pitches to include stimulus payments. The call yesterday said, due to the soon to be sent stimulus payments, credit card companies were lowering their interest rate. I could press No. 1 to get more information. What? As usual, I hung up quickly. Read more →
Just over half of U.S. adults plan to celebrate Valentine’s Day this year, spending a total of $21.8 billion. Nearly three-quarters of consumers celebrating Valentine’s Day say the pandemic will directly impact their plans for the holiday. Read more →
Fraudsters were busy in 2020. The Federal Trade Commission received more than 2.2 million complaints about fraud, with people reporting they lost nearly $3.3 billion. The top fraud of 2020 was imposter scams. Read more →
Like most people, I’m glad 2020 is gone. However, I know that we’re going to have a lot more of the challenging stuff that happened in 2020 continuing into 2021. Read more →
About 22 million more people are having nightmares about money problems this year than last year, and about 13 million more people are scared about their kids’ financial future. A survey also found that 39 percent of people aren't celebrating Halloween this year due to covid-19 and 85 percent plan to spend less this year than last year. Read more →
The U.S. Department of Justice, along with 11 states, filed a lawsuit Tuesday against Google for unlawfully maintaining a monopoly in search services and search advertising in violation of the U.S. antitrust laws. Read more →
It’s week 18 of covid-19 restrictions for many of us. I dawned on me the second week in March that I should be staying home. I had been walking in the mall during the winter, but I thought heading there wouldn’t be wise. I’d ride my stationary bicycle for exercise instead. Read more →