Better Life Index, just released by the Organization for Economic Co-operation and Development (OECD).
Americans’ household wealth is about $102,000 on average, significantly higher than those in many other developed countries. Income inequality is high, however, with the top 20 percent of the population earning nearly $82,000 a year while the bottom 20 percent get by
Continue reading Money and Happiness in the U.S. – Better Life Index
We learned some important lessons about consumer and borrower behavior from how interest-only mortgages were used during the housing boom which, now, seems so long ago.
Interest-only mortgages gave borrowers the ability to lower their monthly mortgage payment and save the difference. What the mortgage industry experienced was an outcome that was less noble. In fact,
Continue reading How to Borrow and How to Lend – Lessons From The Interest-Only Mortgage