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Credit Card Delinquencies Reach 11-Year Low — Dollars and Sense

These days more credit card customers are paying their bills on time than they have over the course of the last decade.

A report released earlier today by the American Bankers Association indicates that delinquencies on credit cards are currently at an 11-year low, with only 2.93 percent of credit accounts reported past due by 30 days or more. These figures come in substantially under the 3.91 percent 15-year average.

So, what’s with all of the newfound responsibility?

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cute kitten
Brian Scott, Flickr
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Looking at Kitty and Puppy Photos All Day Actually Boosts Productivity

If there is one thing that all of the internet can agree on, it's that pictures and videos of kittens and puppies are the tops.

Now, thanks to researchers at Japan's Hiroshima University, you have even more

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Category: Business News, Photos Tags: , ,
American Express Cardmember Services
Bryan Bedder, Getty Images
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American Express Deceives Customers, Will Issue $85 Million Refund — Dollars and Sense

Have an American Express card that you never leave home without? You can expect a refund.

According to a report by the Consumer Financial Protection Bureau, American Express will be refunding $85 million to some 250,000 customers due to what officials are calling deceptive practices that include the charging of illegal late fees and discrimination against applicants 35 years old and up.

For nearly a decade, American Express was guilty of committing various infractions against its card owners that cheated customers into believing they were obtaining benefits like sign-up bonuses and improved credit scores that never came to pass.

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college graduates
Lesliebyk, Flickr
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Job Market (Finally) Improving for College Grads — Dollars and Sense

For recent college graduates, the economic downturn and very, very slow recovery of the past few years have been brutal. But things may be looking up.

According to the Job Outlook 2013 survey, employers are on track to hire 13 percent more graduates from the class of 2013 than they did for those who walked away with their degrees in 2012.

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ATM withdraw
Kevork Djansezian, Getty Images
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ATM Fees Skyrocket, Again, While Free Checking Disappears — Dollars and Sense

The days of the free checking account are nearing extinction and ATM fees are on the rise, according to the latest financial research from bankrate.com. Those annoying ATM surcharges that consumers incur every time they withdraw cash from a money mover that is not the property of the their bank have risen once again, to an all-time high of $2.50, up 4 percent from last year.

And lest you think we would mislead you by using a term like "skyrocket" in the headline to describe a mere 4 percent increase—there's more ...

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Category: Business News, Economy Tags: ,
Newsusacontent-Flickr-630x420
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New Research Reveals Americans Feel Their Jobs Are Safe

There is only one thing worse than having to get up early in the morning to go to work, and that is going to work with the feeling that the bottom of your career is about to fall out from under you.

Fortunately, it appears as if the majority of the population is not worried about something like that happening in their current position.

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iPhone with cracked screen
Alejandrolavinjr, Flickr
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Americans Have Spent a Ridiculous $5.9 Billion Fixing Their iPhones

People sure do love their iPhones, but they also can't seem to stop dropping them—good news for the booming iPhone-repair business. In fact, a recent accident survey by SquareTrade found that the American population has spent nearly $5.9 billion fixing their damaged phones since the first device hit the market in 2007.

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Made in the USA
Tom Bihn, Flickr
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Do You Look for the Made in the USA Label When You Buy? Everyone Else Does — Dollars and Sense

You might not think anyone is paying much attention to that “Made in the USA” tag found on product packaging all over the country, but new research suggests that you would be dead wrong. In fact, more than ever before, Americans are using the popular label to guide their purchasing decisions.

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