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About the Author/Editor
Eric Swanson is the Executive Director of BeatingDebt.org. He has a passion for families having the freedom to enjoy their marriages, family, and God without the struggle of debt. He is joining others together to turn the tide of accepting debt as a normal part of life and to return to God's perception of debt being slavery. Please join him and committing to beat debt.
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Fed worried about growth, entices people to take on debt
August 11, 2010 in News by BDO
By Eric Swanson Recently, the Fed made a decision to buy Treasury Bonds in an effort to help entice citizens to take on more debt. The Fed said Tuesday that it would spend a relatively small amount of money — about $10 billion a month, economists... Read more »
Consumer credit down 0.7 percent
August 10, 2010 in News by BDO
By Eric Swanson The Federal Reserve released its latest preliminary findings of revolving consumer credit, better known as credit card debt. Credit card debt was down for the month of June by a healthy 6.5 percent. This means that we have a lot... Read more »
Consumer credit down 4.5 percent
By Eric Swanson The Federal Reserve released its latest preliminary findings of revolving consumer credit, better known as credit card debt. Credit card debt was down for the month of May by a tremendous 10.5 percent. This means that we have a... Read more »
G-20 commits to reduce national deficits
By Eric Swanson In a surprising move by the leaders of the 20 biggest economies, the G-20 decided to halve national deficits by 2013. “‘Advanced economies have committed to fiscal plans that will at least halve deficits by 2013 and stabilize... Read more »
Household debt down 7th straight quarter
By Eric Swanson On June 10th, the Federal Reserve released its latest findings on Consumer Debt Outstanding. In reflection of good personal choices, personal debt went down by 2.4% for the first quarter 2010. This is amazing because it brings... Read more »
Consumer credit up 0.5 percent in April
By Eric Swanson The Federal Reserve recently released its latest preliminary findings of revolving consumer credit, better known as credit card debt. Credit card debt was down for the month of April 2010 by a generous 12 percent. This could... Read more »
Consumer Credit up 1 percent, second time this year
By Eric Swanson The Federal Reserve recently released its latest findings of revolving consumer credit, better known as credit card debt. Credit card debt was down for the month of March by a small 4.5 percent. Unfortunately, non-revolving consumer... Read more »
Will our debt break America?
By Eric Swanson In a recent Washington Post article, Joel Achenbach asks a very tough question, “Will the debt break Washington?“. He brings together some very revealing facts: “In order to pay the interest and the bill when it... Read more »
Credit card debt down by 13.1 percent
By Eric Swanson The Federal Reserve released its latest findings of revolving consumer credit, better known as credit card debt. Credit card debt was down for the month of February by a tremendous 13.1 percent. This is surprising news considering... Read more »
Household debt down 6th straight quarter
On March 11th, the Federal Reserve released its latest findings on Consumer Debt Outstanding. In reflection of good personal choices, personal debt went down by 1.2% for the fourth quarter 2009. This is amazing because it brings the total personal... Read more »