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Tag Archives: credit
Obama’s Presser: Message Accomplished
Credit Problems Are Climbing the Income Scale
For years, the typical caller at CareOne Credit, one of the biggest debt counseling outfits in the nation, has been a woman in her 30s with a family income of $30,000 to $35,000 and a credit score around 550 . In the past two months, though, the people at CareOne have noticed a shift. It’s still women who usually get stuck making the call, and the age range isn’t dramatically different
Why the Stock Market Keeps Plummeting
Faced with ubiquitous signs of global economic meltdown, investors sold stocks in force on Tuesday, dragging the broad market indexes down near the lows reached last November. The Standard & Poor’s 500 index, weighed down by financials, fell 4.56%, while the Dow Industrials sank 3.8%, falling to within a fraction of its November 2008 low. Among the hardest hit sectors were bank stocks, down 10%, oil service stocks, down 8.2%, and semiconductor stocks, which fell 6.7%