Small Business Boomers

Miranda Marquit over at Yielding Wealth got me to thinking, with her article about pulling her money out of Citibank.  Have you looked at your business credit card lately?  I did, and received a rude surprise.  When did my interest rate get up to 28.9% ?
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Just in time for Thanksgiving, I’m going “cold turkey.” I’m cutting off my business credit cards.  No more credit for me.  I have a couple of online expenses I pay by credit card, and I’m making sure to pay the full balance off each month.  And I’m going to pay off …read more

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Miranda Marquit (Yielding Wealth) says that the real problem with our economy is consumer debt.  Darn right!  From the biggest investment banks down to “mom and pop” households, we are buried in a mountain of debt.
Don’t believe me?  How about these facts?
MSNMoney says,  (and I quote):

About 43% of American families spend more than they earn each year.

Average households carry some $8,000 in credit card debt.

Personal bankruptcies have doubled in the past decade.

How can almost HALF of American families spend more than they earn?
Some more scary facts (from Creditcards.com):

76 percent of college students (most with …read more

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