The consumer bankruptcy filings, coupled with stubbornly high foreclosure numbers, paint a picture of a consumer still struggling to get footing.
There was more evidence this week that economic recovery has yet to find much traction -- at least for consumers. The number of U.S. bankruptcy filings has risen to levels not seen since 2005, when changes to the bankruptcy law took effect.
- Calculator:How much debt is too much?
Bankruptcy filings rose 20% in the 12-month period ending June 30, according to the Administrative Office of the U.S. Courts. A total of 1.57 million bankruptcy cases were filed in federal courts in that period, compared with 1.3 million in the 12-month period ending June 30, 2009.
Credit cards are a great way to pay for nearly everything while traveling, if used correctly and with caution.
Your next vacation won't happen without money -- both prior to and during your trip. But with currency conversion discrepancies, high surcharges, and the risk of theft or loss, managing your money on the road isn't as simple as you may think. As part of our Travel and Money series, let's review the best ways for using your credit card on the road.
There is no denying that credit cards are very necessary for travel, as they're often required to book travel arrangements (like flights and accommodation) in advance. They're also incredibly convenient and useful -- but must be used correctly, and with caution.
Mosquitoes can be a dangerous and obnoxious pest. But you can bug them as much as they bug you without putting the bite on your budget.
Nothing will ruin your summer fun like mosquitoes. These pesky bugs are not only annoying, they can be dangerous disease-spreaders as well. So it pays to keep them to a minimum.
But that doesn't mean spending a ton of money on things like electronic traps or slathering yourself with unpleasant, expensive and nasty sprays. Put mosquitoes out of your misery with these five simple, inexpensive steps.
We all dream of hitting the big time but rarely consider the cost.
The other evening Husband and I had a very existential discussion ... about "Jersey Shore." I'm betting that even if you don't watch the show, you've heard about it. Cast members have been in the news recently over their reported contract negotiations for more money.
For those of you who don't know, the premise of the MTV show is a group of guido-types (as they call themselves, not me) live in a house together, go to clubs, lift weights, and tan. I've watched it and it's slightly entertaining. Don't judge me.
"What could be existential about a reality TV show?" you ask.
JetBlue reprises its 'All You Can Jet' pass with unlimited trips for a month. It's $699 if you fly Fridays and Sundays.
JetBlue is repeating its All You Can Jet promotion, offering a month's worth of unlimited flights for $699. If you don't fly Fridays or Sundays, you can get the deal for $499.
The pass is good for travel between Sept. 7 and Oct. 6 and is on sale through Friday, Aug. 20, or until supplies run out.
The promotion was wildly popular last year and sold out early. People used the pass for all kinds of travel, from tours of music venues to job searches, The Associated Press reported. The airline garnered a lot of publicity as people shared their travels on sites such as Facebook and Twitter.
The pass, which sold for $599 last year, is an even better deal this year, because airfares have risen, George Hobica, founder of AirfareWatchdog.com, told AP.
Does your boss want you to "operationalize" or "eat your own dog food"?
Yesterday we learned how to use new software to detect unwanted tone in e-mails before we send. Today we'll focus on how to rid our work communication of jargon.
- Bing: People who use jargon
You know the drivel we're talking about: "action items," "cradle-to-grave," "creatives" and "drink the Kool-Aid," to name a few. A fun website called Unsuck It offers substitutes for awful expressions you've heard too much of.
The site lets you type in your phrase of choice and offers the "unsucked" substitution. Or, you can scroll through the glossary.
Bank VP charged with fraud for making it look as if clients were paying their loans on time. Bank may have lost $5.5 million.
The charge was bank fraud, but the perpetrator wasn't in it for the money.
Jeffrey Gonsiewski, a Chicago-area bank vice president, falsified the records of dozens of loans held by people who had become delinquent to make it look as if they were paying on time.
What was in it for Gonsiewski, whom The Chicago Tribune said fancied himself a sort of modern-day Robin Hood? Nothing, unless you want to count a jail sentence.
Gonsiewski, who pleaded guilty last week to one federal count of bank fraud, says he was just trying to help the bank's customers. These days, that's a lot more unusual than fraud.
A no- or low-money-down mortgage is dangerous for the borrower, the lender, and, if enough of these loans are made, for the economy as a whole.
I really thought it would take longer than this.
If you have been reading this blog for a while, you know that I am generally skeptical of the proposition that we will learn much of anything from the Great Recession. My assumption has long been that given five or 10 years we will be the same bunch of ignorant fools we always were, doing the same foolish things.
But I did think that in the shorter term -- this year and next -- some of the more obviously foolish stuff would be avoided. I didn't think anybody would be willing to invest in GM in 2010. And I didn't think that anybody would be discussing taking out new no-money-down mortgages anytime soon. I was wrong on both counts. Post continues after video.
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