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Economic Indicators

Founded in 1951, the National Foundation for Credit Counseling is the largest serving nonprofit financial counseling organization. Find various topics in this blog, including personal finance, credit counseling, housing, budgeting and student loan help. Click here to speak with an NFCC-certified Consumer Credit Counselor.

5 Cities where Homeowners Get Big Bang for Their Buck

 By Steve Nitz A lot of Americans dream of getting a job and moving to a city such as Los Angeles, New York, San Francisco or Chicago and eventually raising a family there. However, it’s not quite that easy when it comes to finding housing. The affordability of a housing market is definitely something to consider when you’re factoring in what part of the country you want to spend the …Read More

Consumer Debt is Down, Spending Up. But It’s All Good.

The latest consumer debt numbers are out, and the news is good.  Consumer debt decreased in February, as card holders held back on using their plastic. Overall, consumer debt was down to $794 billion, as illustrated in the graphic.  This decrease continues what has been a steady decline in card balances.  Beginning in September 2008, card balances have gone down nearly every month.  Balances did rise in December 2010, but …Read More

Retail sales and Financial Literacy

Today’s news that retail sales increased slightly at 0.3 percent in January is positive news on a couple of fronts. While the increase was not as large as many economists were hoping for, keep in mind that much of the country was braving intense winter storms and snow throughout much of the month. So put in context, an increase of any size can be thought of as a pretty good …Read More