Economy Feed

Did you spend too much on the holidays? You’re not alone, survey shows

Thirty percent of Americans overspent during the holidays, and it’s likely that many of them will be paying for the 2021 holiday season well into 2022, according to a survey by WalletHub, a personal finance website. However, 41 million Americans say the 2021 holiday season was worth going into debt for. Read more →


Top consumer and personal finance stories of 2021

Consumers are continuing to face tremendous challenges in this, the second year of the coronavirus pandemic. I could probably write an article on 10 ways the pandemic affected people financially. I just hope it will end soon instead of continuing to drag on and on. Read more →


As the holidays draw to a close, it’s time to think about 2022

For me, my holiday celebration ended early. My daughters came for a Christmas celebration in early December, Lisa from Madrid and Mona from Sacramento. We had such a great time; a fabulous Christmas dinner Dec. 4 and opening presents Dec. 5. Read more →


Is your big bank charging you a lot of overdraft fees?

Banks continue to rely heavily on overdraft revenue, which reached an estimated $15.47 billion in 2019, according to the Consumer Financial Protection Bureau. Three banks – JPMorgan Chase, Wells Fargo, and Bank of America – brought in 44 percent of the total in 2019 by banks with assets over $1 billion. Read more →


Facts and figures for Labor Day 2021

What are your plans for Labor Day this year? Americans are more confident about celebrating Labor Day in 2021, with 48 percent more people planning to travel and 24 percent more planning to go shopping, according to a survey conducted for WalletHub, a personal finance website. Read more →


Survey: 9 in 10 Americans say they’ve experienced inflation, shortages as economy reopens

As covid-19 restrictions were lifted and the economy continued to reopen over the past three months, most Americans say they’ve been impacted in the marketplace, according to survey for Consumer Reports, a consumer testing and advocacy organization. Read more →


Biden signs sweeping order aimed at reining in corporate power

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 →


Today is Equal Pay Day

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 →


Watch out for scams related to your next stimulus payment

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 →