U.S. shoppers piled up the presents under their Christmas trees, but retailers were still a bit disappointed. The Commerce Department's official tally shows what many suspected: Consumers did most of their holiday buying early this year.
Lots of folks have reached retirement by surprise, thanks to the Great Recession. So, if you're scrambling to come up with a Plan B and plug the financial gap created by an unexpectedly early end to your career, here are some good ideas.
Some communities question if they can function along the Spartan economic guidelines touted by Tea Party activists. One place those municipal leaders might want to examine is Colorado's second-largest city. It's a laboratory in draconian fiscal conservatism.
U.S. consumers appear to be getting bit less frugal: The amount of consumer credit in use unexpectedly rose in October for the second straight month. But the whole rise came from non-revolving debt, which includes auto loans and personal loans, while revolving debt, which includes credit cards, plunged.
A recent poll shows that penny-pinching is still on the rise in the wake of the Great Recession: 62% of American surveyed are buying more generic brands, and 45% are brown-bagging lunch to save cash. Moreover, the direction of the poll numbers suggests permanent changes in the way Americans spend.