Economy Watch: 2018 Was The Strongest Year Since Great Recession

Posted on March 2, 2019March 5, 2019Categories Economy, Featured News   Leave a comment on Economy Watch: 2018 Was The Strongest Year Since Great Recession

Thanks to the government shutdown, the official report on the nation’s economy was delayed until late February. The Commerce Department released a belated report on Q4 and 2018 as a whole, and the results show a strong national economy. In fact, the United States saw a 2.6% growth in GDP in Q4; economists had only predicted a 2.2% increase, despite stronger growth in the second and third quarters of the year. Overall, that means U.S. GDP grew by 2.9% in … Continue reading “Economy Watch: 2018 Was The Strongest Year Since Great Recession”

More Than Half Of Americans Can’t Afford Medical Care, Study Shows

Posted on December 13, 2018December 30, 2020Categories Economy, Featured News   Leave a comment on More Than Half Of Americans Can’t Afford Medical Care, Study Shows

More than half of the U.S. delays or doesn’t receive the medical care they need because they can’t afford it. According to a recent Harris Poll survey combined with data from financial website Earnin, the majority of U.S. adults aren’t getting the medical care they need because the cost is too high. The survey polled 2,000 U.S. adults, 54% of which say they’ve delayed healthcare for themselves over the last year because they can’t afford it. Approximately 23% of those … Continue reading “More Than Half Of Americans Can’t Afford Medical Care, Study Shows”

Hackers Steal Documents And Information Affecting 143 Million Consumers

Posted on September 19, 2017Categories Economy, Featured   Leave a comment on Hackers Steal Documents And Information Affecting 143 Million Consumers

As technology evolves, online security becomes increasingly important to both businesses and individuals. The internet offers the ability to access millions of facts and pieces of information with the click of a button, though sometimes it can be used for malicious purposes. This is a fact that Equifax Inc. experienced first-hand when they suffered a cybersecurity incident that affected nearly 143 million U.S. consumers. According to the company’s statement on the incident, intruders accessed names, Social Security numbers, birth dates, … Continue reading “Hackers Steal Documents And Information Affecting 143 Million Consumers”

Now Might Be The Best Time To Get a Credit Card, Here’s Why

Posted on September 15, 2017Categories Economy   Leave a comment on Now Might Be The Best Time To Get a Credit Card, Here’s Why

There has never been a better time to have a credit card than right now. That’s how it appears to those seven in 10 Americans that own at least one. And why is that? The amazing deals, of course. Credit card companies across the nation are bringing the heat with all the deals they’re offering their customers. But they’re also taking notice of all the great benefits, and realizing that they might be spending more than they’re gaining. Some companies … Continue reading “Now Might Be The Best Time To Get a Credit Card, Here’s Why”

Hurricane Harvey, North Korea, And Looming Federal Debt Lead To Falling Mortgage Rates

Posted on September 15, 2017January 11, 2021Categories Economy, Financing   Leave a comment on Hurricane Harvey, North Korea, And Looming Federal Debt Lead To Falling Mortgage Rates

The housing market is in an odd situation currently, with very low supply and rising demand. Construction companies can’t build homes fast enough to fill the need, and so home prices are rising as a response. This does, however, mean that selling a home can be a very profitable venture right now. It also means that the housing market is especially fluid this year. One such change is that mortgage rates are moving ever lower as investors get anxious about … Continue reading “Hurricane Harvey, North Korea, And Looming Federal Debt Lead To Falling Mortgage Rates”

Metro Detroit Real Estate Market Rapidly Improving as Economy Continues to Rebound

Posted on May 4, 2016May 4, 2016Categories Economy   Leave a comment on Metro Detroit Real Estate Market Rapidly Improving as Economy Continues to Rebound

Detroit’s economy is finally showing signs of improvement, and these positive signs are beginning to trickle down to the city’s housing market. According to MLive.com, a first-quarter market report from the Southeast Michigan Council of Governments (SEMCOG) shows that homes in Metro Detroit are now selling in less than two months, which marks a considerable improvement from just a few years ago. In the past three months, sales of existing houses throughout Detroit have increased by about 7%. This coincides … Continue reading “Metro Detroit Real Estate Market Rapidly Improving as Economy Continues to Rebound”

For This Industry, Floods and Droughts are an Opportunity

Posted on September 4, 2015Categories Business, Economy, Entrepreneurs   Leave a comment on For This Industry, Floods and Droughts are an Opportunity

The U.S. is home to an estimated 40,523 carpet and upholstery cleaning businesses, and the industry generates about $4 billion of revenue every year. But now, entrepreneurs within the industry are adapting to the consequences of two major natural disasters at opposite ends of the weather spectrum — floods and droughts. In Colorado, enterprising millennial Jonathan Barnett founded Oxi Fresh nine years ago in Denver, Colorado, when he was just 21. He wants to help pioneer environmentally friendly carpet cleaning … Continue reading “For This Industry, Floods and Droughts are an Opportunity”