Posts Tagged ‘ Economy ’

28% Older US Citizens Might Loose Homes

28% Older US Citizens Might Loose Homes

New research by the AARP shows that for the six month period ending in December, 2007, 684,000 older Americans (aged 50 and over) were either in foreclosure or were delinquent in mortgage payments. That’s more than a quarter of all foreclosures or delinquencies (28.1%). “The public perception is that older Americans are financially secure in their homes,” said Reinhard. “But the reality is that while many are in fact secure, hundreds of thousands of others are not and face unsettling uncertainty over their futures as homeowners. “Older Americans depend on their homes both for shelter and as a retirement asset,”...

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90% American Count on One Thing :: Their Paycheck

90% American Count on One Thing :: Their Paycheck

Even in a down economy, workers say they can still count on one thing — their paycheck. Eighty-eight percent of American employees are confident their paychecks are accurate every payday. You can check their paycheck accuracy with the paycheck calculator at National Payroll Week. “It is a testament to the dedication of America’s payroll professionals that nearly 90% of surveyed workers are certain that their paychecks are correct each payday,” said Sam Kerch, director of tax research for PaycheckCity.com. Increasingly complex tax laws and benefits make paycheck calculation a challenging task. Many companies outsource parts of the payroll function....

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Gamer Economy

Gamer Economy

GameStop, love it or hate it, is making big bucks off the gaming industry. They just reported that their annual sales were $7.1 billion for February, 2007 – February, 2008, which is up 33% from the year before. New game sales accounted for the bulk of that revenue up 38.4% from the previous year due to the big success of their top five selling games: Call of Duty 4, Rock Band, Assassin’s Creed, Super Mario Galaxy and Guitar Hero III. They opened an amazing 586 stores last year. That’s one every 15 hours! So, while the economy is supposedly...

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