The statistics are staggering and sobering, but is there anything to be done about them?...
For individuals and families, it comes down to preparation. "Immediately build an emergency fund so as to avoid additional debt in event of unanticipated expenses, market declines, recession," says Eleanor Blayney, a CERTIFIED FINANCIAL PLANNER[™ professional] and consumer advocate for the CFP Board of Standards. "Prepare a budget -- absolutely the best way to 'find' potential for additional savings or funds for paying down debt." Read more >
July 26, 2011