In fact, Americans age 75 and older are the only group in our survey for which credit card debt actually increased over this time period. Why? The Greatest Generation didn't suddenly become recklessly spendthrift and go wild on eBay.
This has been a lot of discussion of doom and gloom, but the lesson is that while some disasters cannot be avoided we can give our kids the proper tools so that they can have a strong financial future.
Despite demonstrating little product innovation, Hostess survived for decades. Today consumers expect something new at Internet speed.
Washington wants Elizabeth Warren to play the game, wait her turn, not rock the boat. Or she can damn the torpedoes and go full speed ahead in support of popular consumer reforms, at the risk of angering and alienating those who might otherwise be her allies.
It could go down as the day the snack cake died.
The way I see it though, all this fuss is just a case of not knowing what you've got 'til it's gone. Kinda the same way everyone started wearing Michael Jackson shirts a few summers back. But let's not beat a dead horse, and let's certainly not pay $5000 for a single freaking Twinkie.
In the coming months, once investment is secured, I will launch 2210 -- an e-commerce fashion company that sells clothing for men and women aged between 25 and 35. I intend to offer them clothes that are affordable yet feel exclusive.
When you look under the hood of President Obama's auto bailout and take it for a test drive, you learn it's a lemon. Sorry, Mr. President. No sale.
Nothing illustrates the choice between the two presidential candidates better than the 2009 rescue of the auto industry. And, despite Mitt Romney's efforts to distort the contrast with patently dishonest claims and a new TV ad, the auto rescue may turn out to be the deciding factor in the election.
Mitt Romney's career at Bain Capital provided him a lot of experience with bankruptcies. So, it was natural that, as the Obama team was considering a rescue package for the auto industry, Romney reached into his old bag of tricks.
Accounting professionals by nearly a 2-1 margin said in an online survey that their business clients don't do enough to ensure creditworthiness of customers, vendors and other potential transaction partners before they extend credit.
Regardless of your view on who got it right, it is unquestionable that the candidates would have steered GM and Chrysler down dramatically different paths.
I just turned 62 and am getting divorced. My attorney suggested I look into getting health insurance because I will soon be off of my ex's company plan.
Uncertainty about the financial future dominates the lives of hundreds of millions of people: Where will I sleep? How will I feed my family? For many, just thinking about these worst-case scenarios can be paralyzing.
Politicians who are promising to repeal Obamacare won't find any evidence in the Kaiser Family Foundation's analysis of health insurance costs that the law has caused premiums to skyrocket, as many of those politicians have contended.
I have a pretty good idea what legislation in the last decade could have "corrected" the housing crisis, and what legislation made it worse. Ryan voted wrong every time.