Archive for November, 2014
Following the Great Recession between 2007-2009, Americans found themselves in the worst financial crisis since the Great Depression. Americans were faced with lay offs and lost their homes due to foreclosure. As such, many Americans relied on unemployment and credit cards in order to make ends meet, which resulted in significant amounts of credit card debt. Soon, families saw their finances spiraling out of control. Add to the equation a bleak, highly competitive job market with a lack of high-paying jobs.
Now, nearly six years after the recession, the economy has shown strong signs of improvement and growth. However, Americans are still wary, with many still suffering from the after effects of challenges they faced at the height of the recession.
However, debt relief services have allowed man
Unfortunately, debt is something we all have in one way, shape, or form. Whether it’s credit card debt, medical bills, or infamous student loan debt, American consumers owe a staggering $111.13 trillion in debt with numbers continuing to rise at alarming rate; $75 million per hour according to recent CBS news reports.
Undoubtedly, the Great Recession of the mid-2000′s hit American consumers hard. Thousands of people lost their career, homes, and savings. Though the economy has since shown strong signs of improvement and growth, six years later, many Americans are still coping with post-recession challenges. However, similar to Pandora’s box, some good did come out of the recession. Americans are truly resili
Starting up a small business is no easy feat. It is one of those adventures that holds a number of different unexpected surprises, not all of them good. A small business owner wears many hats, and holds many responsibilities that they may never have held before.
One of the biggest challenges for a new small business owner is money. Some people do not have much experience with financial record keeping before they start up their business, so the financial responsibilities can be completely overwhelming.
But oftentimes, the biggest financial challenges that small businesses face is not having enough money. Many of the unforeseen roadblocks or challenges that new business owners run into cost money, and before they know it, many small business owners realize that they are out o