The Weekly Credit Loan Report

The Weekly Credit Loan Report The U.S. Recession Has Lead to Some Consumer Cutbacks in 2011 Since the third quarter of 2008 U.S. household debt ( including credit cards, mortgages, student loans & car loans ) has declined by more than $1 Trillion. National Credit Card APR Average 14.96% 14.96% 8.6% 5% 34% Rate of Decline in Personal Savings Rate Of Refinancers Paid Household Debt Since 2008 Off a 30-Year Loan * measure of how much disposable income Americans save * they then switched to a 20 or 15 year product This Week Last Week Amount the U.S. Debt Increases Every Day - $4 Billion How Much Money the U.S. Government is Borrowing Every Minute - $2.63 Million 1O How Much the U.S. Government has to Borrow For Every Dollar it Spends - $0.41 Cents Current National Debt 4 $14.8 Trillion Amount of Debt the U.S. will reach by 2015 if Trends Continue - $19 Trillion S How Congress Spent Money in 2010 The 111th Congress added more to the U.S. national debt than the first 100 U.S. Congresses combined. Department of Education $95 Billion Department of Agriculture $120 Billion Treasury Department $450 Billion Department of Defense $720 Billion Health & Human Services $850 Billion Making Millions An AP-CNBC poll reveals American perspective on the million dollar mark. % of U.S. residents who believe they would need a minimum of $100,000 to $500,000 in savings for a comfortable retirement 31% % of U.S. residents who believe they would need a minimum of $1 Million in savings for a comfortable retirement 22% What Would People Do with 1 Million Dollars? 31% saving & investing 17% giving to family 14% spending 13% paying off debt 12% real estate 11% charity TOP RATED STOCKS BY GROWTH Growth stocks have higher than average price/earnings or price/sales ratios. NO. Company Symbol Last Price Apple Inc. AAPL 404.36 2 BARRICK Barrick Gold Corp ABX 46.98 3 Adobe Systems Inc 24.81 ADBE Adobe Associated Estates Realty Corp AEC 15.64 Alliance Holdings Gp LP AHGP 43.78 SOURCES CREDITLOAN® http://www.federalbudget.com/ http://www.cnbc.com/id/44559645 http://moneycentral.msn.com/investor/StockRating/srstopstocksresults.asp?Category=Style&Choice=2 http://www.investinganswers.com/a/17-shocking-statistics-about-national-debt-youll-wish-you-didnt-know-2097 http://www.forbes.com/sites/moneybuilder/2011/09/06/this-week-in-credit-card-news-webcam-readers-fee-reprieves-interchange-losses/ http://www.creditcards.com/credit-card-news/credit-card-interest-rate-report-0921-1276.php REAL ANSWERS. REAL SOLUTIONS. National Dept