Impulse buying can be a very dangerous compulsion. It involves spending money on unnecessary items immediately. There is NO prior planning beforehand, no long or hard thoughts put into the decision. The common theory is that consumers only purchase small items on impulse such as candy, magazines, or snacks. However, recent worrying news is that […]
Continue ReadingMonth: July 2013
Infographic: 2013 Debt Statistics for US Consumers
Over the past decade or so, debt has been a growing problem for families all across the country. While American consumers collectively owe almost $850 billion in unsecured credit card debt, the average American household credit card debt stands at over $15,000 per family. Other types of debt, including secured debt such as mortgages and […]
Continue Reading