US Flow of Funds: wealth recovery fully underway, China?

by Rebecca Wilder (crossposted with Newsneconomics) This week the Federal Reserve reported the Q3 2009 Flow of Funds accounts. The headline indicators show household net worth improving and...

Household leverage: US vs. UK

Households in the US and the UK are members of the "most levered club". But put their balance sheets side-by-side, and the outlook for the US is looking a little brighter while that for the UK...

5 Common Misconceptions about Bankruptcy

While many individuals seek to save money where possible, budget effectively and build a significant emergency fund, others are not so fortunate in their financial circumstances. Whether as a result...

Should I Pay Off My Mortgage Early

Everyone should be asking themselves at one point or another – “Should I Pay Off My Mortgages Early”? When choosing whether to pay down debt or invest, the primary factors are the...

Our Children: the Future Warriors in the Battle Between Frugality and Debt

The current culture of acceptance that surrounds the issue of debt is one that has arisen as a result of an increased dependence upon credit and the act of satisfying an ‘I want it now’ attitude. A...