Financial News

$8 Trillion In Economic Benefits, And Up To 50% Of Lives Saved Through Moderate Social Distancing has a great article on the number of lives that can be saved through moderate social distancing, and the net economic benefit that the saved lives are worth to the U.S. economy. The article sites how the virus could kill up to 2.2 million people in the U.S., but 1.1 million could be saved through moderate social distancing. The dollar value to the U.S. economy of these saved lives is $8 trillion. Please click on the link above to read the article. [article published March 30, 2020]  

The Government Orders Mortgage Payment Reduction Or Suspension For Up To 12 Months recently reported that homeowners who have lost their jobs because of the coronavirus may be eligible for up to 12 months or payment reductions or suspension. People may be able to verbally testify about their distress over the phone and may document the hardship at a later date. Please read the article if you think you may fall into this scenario. [article published March 19, 2020]

Fannie Mae, Freddie Mac, HUD Are Suspending All Foreclosures And Evictions

The government announced that the Department of Housing and Urban Development is suspending foreclosures and evictions until April. If you have an FHA-insured Title II Single Family forward and Home Equity Conversion mortgage and are having difficulty paying your mortgage, you should contact your bank immediately to explore your options. has a great article on this matter. [article published March 18, 2020]

The Senate Voted In Favor To Block A Secretary Of Education Rule has a quick article discussing how the Senate just voted to overturn a rule set in place by the Secretary of Education that restricts the “borrower defense” rule that was meant to protect students that were misled by for-profit educational institutions. [article published March 11, 2020]

Ever Wonder How Much The Average American Spends On Christmas has a great article discussing the money spent during the holiday season and which generation spent the most. It is interesting to see that 78% of the people will not pay their holiday debt off in January, while 15% will only pay the minimal amounts owing on that debt.  [article published December 27, 2019]

The Cost of Having a Child In The United States Exceeds $4,500.00, Even With Insurance 

A study looked at 657,061 women who had insurance between 2008 and 2015. Out of pocket costs increased approximately $1,400.00 – $1,700.00 during that time. As may be expected, the percentage of women with insurance deductibles also rose from 69 to 87 percent. The Atlantic’s article is an interesting discussion on this subject. [article published January 6, 2020]

Small Business Optimism Index Increased to 102.4 in October

Small business owners’ business optimism outlook increased by 0.6 of a point in October. The biggest issues identified by business owners is finding qualified labor. CalculatedRISK has an interesting article outlining this issue. [article published November 12, 2019]

American’s Consumer Debt Hits $13.95 Trillion

Consumer debts have hit almost $14 trillion with home mortgages taking approximately 66% of the debt. The biggest shift in debt since the securitized mortgage meltdown is in student loan debt, which has doubled and is now the second-largest consumer debt. For more information, check out the article. [article published November 13, 2019]

More People Are Finding Themselves Underwater On Their Vehicle Loans

The Wall Street Journal has a great article detailing the problems with trading in your old vehicle to purchase a new one. Over 33% of the people who traded in their vehicles in the first nine months of 2019 find themselves underwater (negative equity) on their loans. [article published November 9, 2019]

It Might Be Time To Tighten The Purse Strings

Two-thirds of all big cities are predicting a recession, while the Midwest is financially declining. A few of the indicators of a possible recession are the slowing general fund revenues, weakening property tax receipts, and the beginning of spending growth being outpacing by revenue growth. For more information on this matter, please visit [article published October 28, 2019]

The Federal Reserve Cuts Interest Rates Once Again But States The Cuts May Stop In The Near Future

The Central Bank lowered its benchmark funds, which are those that banks charge each other for overnight lending, by 25 basis points. The new range is between 1.5% and 1.75%. To read more about how this will affect most forms of revolving consumer debt, please visit [article published October 30, 2019]

Treasury Department Is Rolling Back Regulations Meant To Keep Corporations From Moving To Other Countries

In this article, the discusses how the Treasury Department is rolling back regulations meant to stop corporate inversions. The current administration calls the rules a redundancy since the tax breaks are intended to curtail corporations from moving outside the United States. However, it appears the corporate tax breaks are doing little to stop corporations from moving. [article published October 31, 2019]

Personal Loans Are Outpacing Credit Cards And Auto Loans As The Fastest-Growing Debt Category has an interesting article discussing wages vs. cost of living for the lower and middle-income households between 2008 and 2018, and how the disparity is pushing people to obtain personal loans to pay their bills. [article published October 30, 2019]

Student Debt Nearly Doubles U.S. Housing Market

Student loans have reached $1.5 trillion, with Millenials making up approximately 34 percent of the total student borrowers. Montanans have roughly $3.3 billion in student loans, with 111,000 student loan borrowers. The average debt per borrower is $29,837. Please visit if you would like a better understanding of this financial problem plaguing our economy. [article published October 15, 2019]

Easing Derivative Rules For Banks

The Federal Reserve proposed a rule to relax the cash reserve requirement for derivative trades between affiliates. Please visit if you would like to read more about it. [article published October 28, 2019]

Online Installment Loans

The online installment loan is the new vehicle used by subprime lenders that are strapping the middle class with large sums of debt. This new vehicle appears to have taken the place of the dwindling payday-loan market. Please visit Bloomberg news to read more about it. [article published October 29, 2019]

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