The credit crunch has sent Americans of all ages scrambling to reassess their personal economic situation – including baby boomers who may have assumed they were on the cusp of enjoying their golden years in relative wealth.
President Franklin D. Roosevelt’s "misguided policies" led to the Great Depression lasting far longer than it should have, according to two UCLA economists.
Congress’ approval of a $700 billion rescue package for financial institutions will not prevent more banks from failing in the coming year, analysts have suggested.
Following the passage of a revised $700 billion bailout package by Congress, some people may be wondering what made certain representatives change their vote.
Investors are continuing to withdraw their cash from money market funds, despite a promise by the Treasury Department that these funds would be temporarily insured.
Dan Fuss of Boston-based Loomis Sayles has advised investors that U.S. investment-grade corporate bonds currently offer an outstanding opportunity that should not be missed by those looking to grow their wealth, Reuters reports.
Those who were counting on the equity in their homes to provide them with wealth in their later years may be watching the housing market with a careful eye.
The current economic turmoil on Wall Street makes it more difficult than ever to know where to store your precious cash.
The government’s $700 billion bailout of troubled financial institutions may actually end up benefiting taxpayers in the long run, analysis by Barron’s has claimed.
Representative Ron Paul of Texas has placed the blame for the current economic downturn squarely on missteps taken by U.S. government.