Consumer Credit up 2.4 percent, first time in a year
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 January by 2.3 percent. Unfortunately, non-revolving consumer credit went up... Read more »
Personal debt is the biggest contibutor to inflation
February 25, 2010 in News by BDO
The below picture is a graph of the U.S. inflation rate by month from Dec 2007 to October 2009. Notice that inflation is positive until about the beginning of 2009 and then it starts going negative. Beating Debt News is a non-profit production and... Read more »
Credit card debt down by 11.7 percent
February 9, 2010 in News by BDO
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 December by a tremendous 11.7 percent. This news is continued good confirmation for those... Read more »
Bills are keeping Americans from feeling rich
January 20, 2010 in News by BDO
By Eric Swanson By all accounts, Americans are still the richest people group in the world according to GlobalRichList.com. However, a new survey shows that people are not feeling rich, nor do they think they will become rich in their lifetime. Beating... Read more »
Household debt down 5th straight quarter
January 11, 2010 in News by BDO
On December 10th, the Federal Reserve released its latest findings on Consumer Debt Outstanding. In reflection of good personal choices, personal debt went down by 2.6% for the third quarter 2009. This is amazing because it brings the total personal... Read more »
Credit card debt down by 18.5 percent
January 11, 2010 in News by BDO
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 November by a whopping 18.5 percent. This news is continued good confirmation for those who... Read more »
How much is enough stuff?
December 11, 2009 in Anti-Consumerism, News by BDO
What is “enough” for you? There are so many that believe that if they just had a little bit more, they would be happy. This idea probably stems from credit cards companies telling us that we can have a “little bit more” happiness... Read more »
Credit card debt down by 9.3 percent
December 9, 2009 in News by BDO
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 October by 9.3 percent. This news is continued good confirmation for those who believe in... Read more »
Lessons from our Grandparents during the Holidays
November 23, 2009 in News by BDO
A new poll came out from the AARP saying the older generation will spend about the same this Christmas as they did last year. Digging a little deeper into the article, we find the older generation’s definition of “spending the same amount”... Read more »
Re-gifting This Holiday Season
November 20, 2009 in News by BDO
By Adrian Thomas II 2009 has been a difficult year for most Americans. We have a struggling economy, loss of employment, lack of confidence in the stock market, and several foreclosures on family houses. No wonder, More Americans are planning on re-gifting,... Read more »









