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Economy - Page 4


Today is Gift Card Exchange Day

Gift cards are more popular than ever it seems. They were an easy gift this year for many of us, and quite a few of us received them too.

The research firm CEB TowerGroups says around $110 billion worth of gift cards were sold this year in the United States, up ten percent over 2011.

But if you received one you don't want, you can exchange it for cash.

Here's how it works.

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Christmas Spending is at an All-Time High

The amount we fork over for Christmas gifts has gone up every year since 2008.

The iPads, flat screen TVs, and video game must-haves ain’t cheap! When you add up the hot electronics, the ugly sweaters, and the popcorn tin gift sets, we’re spending just shy of a thousand bucks on Christmas.

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Man with no money

The Middle Class Is Poorer Than It Has Been in 43 Years — Dollars and Sense

The median net worth of working-class Americans is now lingering at a 43-year low of $57,000. 

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Category: Economy, National News Tags:

Job Market for College Graduates Is Improving — Dollars and Sense

Good news for college students: the job market is starting to look a little brighter, with 5 percent more employment opportunities predicted for new college graduates this year, according to a recent survey conducted by the Michigan State University’s Collegiate Employment Research Institute.

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Justin Sullivan, Getty Images

Thanksgiving Turkeys Will Be Cheaper Than Expected This Year — Dollars and Sense

The price of turkey is going to be cheaper than expected this year, largely because many retailers were able to lock in the cost of the birds before the summer’s drought sent feed prices way, way up.

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Buying Underwear Fuels the Economy

Have you heard the crazy notion that men’s underwear sales are an economic indicator?

When men’s underwear sales are up, the economy is doing well. When people are not buying guys’ tighty whities, the economy is in the tank.

Do you think it’s true?

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credit card bill

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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Alec Couros, Flickr

Americans Keep Having Fewer Babies, Probably Because of the Economy

Call it the "baby bust." For the fourth straight year, birth rates in the United States have declined.

Slightly fewer than four million babies were born in the U.S. in 2011, the lowest total since 1998. However, the 1 percent drop in the birth rate was less than it had been in the previous three years. This suggests that the economic pressure experts believe is depressing the birth rate may be easing up.

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