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Jen Jones's blog
If there’s any lesson from our recent recession, it’s that copious spending can be the quickest way to beating down the door of bankruptcy.
Surviving '100% Chance' of a Global Recession
A recent bankruptcy filing by San Bernardino, California, follows in the footsteps of major Chapter 9 filings from other California cities like Vallejo, Mammoth Lakes and Stockton, and stands as a stark example of the financial stress faced by municipalities in states all across the county.
Whether you’ve considered bankruptcy or are on your way out of the process, even the concept of taking out a home loan can leave you feeling financially fragile, and with little of the American Dream to call your own.
Returning to Where its Safe to Retire
Is it Time to Sell Your Empty Nest?
It’s a common scenario: if you have enough money to send your kids to college in the wake of the recent recession, or your children have simply moved away and your “nest is empty,” you may be living in more house than you can afford, doling out thousands a year for property taxes on a larger property than you need.
You’ve read the headlines. You’ve heard the network commentators. Despite the reported recent economic recovery, post-recessionary American is marked by a new, and troubling, era of economic inequality.
One of the major reasons for the widening gaps between rich and poor is that minimum wage remains at $7.25, the same rate as it was in 2009, despite dramatic rises in the cost of living.
As a result, those in the lowest income brackets face higher bills while the wage floor remains where it was years ago, leaving millions of Americans squeezed under it. But these facts aren’t lost on the experts—from financial insiders to those most financially impacted.
It would make sense that recent signs of recovering economy would be great news for jobless Americans. But as a new report on public polling explains, even though the overall economic picture may be brightening, many job seekers are still very much in the midst of a stark economic haze.
“This matter is serious and will cause problems at the job."
Believe it or not this is what collection representatives from California-based debt collection company, Rincon Debt Management, were asked to tell unassuming Americans each time they attempted to collect on back debts.
But based on a complaint filed by the Federal Trade Commission, often the debtor they were trying to pressure didn't owe any money at all. In many cases either they had already paid back their debts or never had them to begin with. Unfortunately, some of these people were so afraid of the debt collector calls, they sent Rincon money anyway just to make the calls stop coming.