High Credit Card Debt Increases Risk of Depression

According to a study from Rutgers University, older adults with a high level of unsecured debt are much more likely to exhibit symptoms of depression compared to people with secured debt. Unsecured debt is debt that has no physical property … Continue reading

Households Cutting Debt, Increasing Net Worth

The latest Flow of Funds Report from the Federal Reserve points to several positive economic trends. Household net worth rose by $1.7 trillion to $64.77 trillion. This was a 2.7 percent  increase and was mainly due to higher home prices. … Continue reading