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Consumers in the U.S. are increasingly using credit cards to pay for basic necessities as income gains fail to keep pace with rising food and fuel prices. The dollar volume of purchases charged grew 10.7 percent in June from a year ago, while the number of transactions rose 6.8 percent, according to First Data Corp. The cause Continue reading Credit Card Use Increases – Shows Gas and Food Inflation and Low Wages Along with the financial difficulties joblessness can create, many Americans who lost their jobs during the recession also experienced more personal problems. Roughly four-in-ten adults (42%) who are currently unemployed or who were unemployed sometime during the recession say that family relations were strained during their time out of work. Another 40% say while they Continue reading The Cost of Being Unemployed – Impact on Finances, Happiness and Relationships I’m not the first one to note that health insurers’ use of the term “explanation of benefits” is an oxymoron. For my part, when I get an EOB in the mail, I scan quickly to the “patient owes” part and pretty much skip the rest. See the full article The good news is there’s some temporary relief from federal income taxes on unemployment benefits: You don’t owe any on the first $2,400 of benefits in 2009, thanks to a temporary provision in the stimulus bill, otherwise known as the American Recovery and Reinvestment Act of 2009. But that’s about where the good news for Continue reading Break on Unemployment Taxes Doesn’t Go Far – A Little Good News for the Unemployed |
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