Spotlight Growth
No Result
View All Result
Wednesday, February 1, 2023
  • Home
  • News
    • Bio/Med/Pharma
    • Cannabis
    • Commodities
    • Consumer Goods
    • Crowdfunding
    • Cryptocurrency
    • Crypto Cheat Sheets
    • Earnings
    • Entertainment
    • Financials
    • Market News
    • Opinion
    • Politics
    • Technology
    • Venture Capital/Private Equity (VC/PE)
  • Video
  • Stock and Crypto Screener
  • Home
  • News
    • Bio/Med/Pharma
    • Cannabis
    • Commodities
    • Consumer Goods
    • Crowdfunding
    • Cryptocurrency
    • Crypto Cheat Sheets
    • Earnings
    • Entertainment
    • Financials
    • Market News
    • Opinion
    • Politics
    • Technology
    • Venture Capital/Private Equity (VC/PE)
  • Video
  • Stock and Crypto Screener
No Result
View All Result
No Result
View All Result
Home Market News

The American Debt Horror Story

by admin
November 4, 2018
in Market News
0
The American Debt Horror Story

The American Debt Horror Story Market News Spotlight Growth

As we enter into the Fall and Winter months, household debt starts to build up as the major holiday season kicks off. “The holiday season is the most debt-heavy season that people fall into,” said financial expert Chris Hogan on FOX Business.” “This debt takes them years to pay off.”

Last year Americans accumulated more than $1,000 in holiday debt. It’s not certain how debts will be this year but 75 million Americans say their finances are a “horror show,” per a WalletHub survey.

Despite this, more than 179 million Americans are expected to participate in Halloween celebrations this year and will spend $9 billion on candy, greeting cards, and other holiday-themed items per the National Retail Federation.

On top of this, 21 million people will go into debt for a Halloween costume, with just 76 percent planned to only spend $50 or less this year. Mr. Hogan stated that Halloween costumes shouldn’t be an excuse to go into debt.

Credit cards are a double-edged sword. They can be helpful but can also drain your finances. That’s why it makes sense to pay off your balance every month. Also, it’s smart to monitor your spending via Apps like Mint.com and Personal Capital.

Since the vast majority of Americans don’t have a budget, they’re more likely to get off track. Having an organized budget, or spending plan will help you identify strengths and weaknesses. This roadmap can help prevent any scary surprises this Halloween season.

Source: Trading Economics
Source: Trading Economics

“Kids look forward to wearing costumes and having fun during this special time. As parents we develop a costume, take them trick or treating and enjoy the night. You don’t have to spend a fortune to have fun. When you used debt irresponsibly, you will bring true horror into your life.”

Hogan mentioned that saving and personal finance education is paramount into mastering your financial situation. Unfortunately, most Americans can’t correctly answer three basic personal finance questions. These questions aren’t about complex subjects like derivates and credit default swaps, but basic investments and interest rates. Therefore, it makes sense to introduce yourself and your family to personal finance fundamentals. These fundamentals might seem common sense, but they’ll set your family up for long-term success.

Article By: Dalton Brewster

Tags: budgetingChristmasconsumerscredit cardsdebtdebt crisiseconomicsemerging growthHalloweenholidaysholidays 2018investinginvestmentmarket newsnewsprivate debtpublic companysalesshoppingSpotlight GrowthSpotlight Growth Stocksstock marketstocksThanksgivingtradingtrading economics
  • Trending
  • Comments
  • Latest
Asure Software NASDAQ ASUR Human Capital Management HCM Industry Spotlight Growth

Asure Software (NASDAQ: ASUR) is Expanding to Meet the Rising Demand for Human Capital Management Software

September 27, 2022
OLB Group NASDAQ OLB Cuentas NASDAQ CUEN Partnership Fintech Spotlight Growth

OLB Group (NASDAQ: OLB) and Cuentas (NASDAQ: CUEN) Team Up to Bring Fintech Solutions to Over 32,000 Bodegas Across the United States

October 6, 2022
Siyata Mobile NASDAQ SYTA SYTAW SD7 VK7 Purchase Orders Spotlight Growth

New Purchase Orders for SD7 Rugged Device, VK7, and Other Accessories Boost Siyata Mobile’s Outlook (NASDAQ: SYTA)

December 14, 2021
Telcoin TEL Crypto Spotlight Growth

Telcoin (TEL) Quietly Leads a Crypto Remittance Revolution

June 15, 2021
Cybersecurity Stocks Coming Into Focus Amid High-Profile Attacks

Cybersecurity Stocks Coming Into Focus Amid High-Profile Attacks

0
Safe-T SFET NASDAQ UN Presentation

Safe-T (NASDAQ: SFET) Has Been Selected to Present at the United Nations’ Office of Information and Communications Technology Event

0
Safe-T Group SFET Q4 FY 2020 Financial Results

Safe-T Group (NASDAQ: SFET) Reports Fourth Quarter and Full Year 2020 Financial Results

0
Safe-T Group NASDAQ SFET FY 2020 Prelim

Safe-T Group Ltd. (NASDAQ: SFET) Estimates Record-High Annual Revenues of Approximately $4.9 Million Representing ~50% Growth YoY 2020

0
Versus Systems NASDAQ VS Resolve Debt Partner AI Gamification Consumer Debt Spotlight Growth

Versus Systems (NASDAQ: VS) and Resolve Debt Partner to Integrated Generative AI and Gamification to Customer Payments and Credit Markets

February 1, 2023
Finding the Most Accurate Technical Analysis Indicator Spotlight Growth

Finding the Most Accurate Technical Analysis Indicator

January 31, 2023
Introduction to Stock Options Trading Educational Spotlight Growth

Introduction to Stock Options

January 31, 2023
Oxbridge Re NASDAQ OXBR SurancePlus Tokenized Reinsurance Contracts Spotlight Growth

Oxbridge Re (NASDAQ: OXBR) Announces Its New Subsidiary SurancePlus: To Issue Tokenized Reinsurance Securities

February 1, 2023
ADVERTISEMENT

Recent News

Versus Systems NASDAQ VS Resolve Debt Partner AI Gamification Consumer Debt Spotlight Growth

Versus Systems (NASDAQ: VS) and Resolve Debt Partner to Integrated Generative AI and Gamification to Customer Payments and Credit Markets

February 1, 2023
Finding the Most Accurate Technical Analysis Indicator Spotlight Growth

Finding the Most Accurate Technical Analysis Indicator

January 31, 2023

Categories

  • Bio/Med/Pharma
  • Cannabis
  • Commodities
  • Consumer Goods
  • Crowdfunding
  • Crypto Cheat Sheets
  • Cryptocurrency
  • Earnings
  • Education
  • Entertainment
  • Financials
  • Market News
  • Opinion
  • Politics
  • Real Estate
  • Split Watch
  • Sponsored
  • Store
  • Technology
  • Uncategorized
  • Venture Capital/Private Equity (VC/PE)

Site Navigation

  • Disclosures
  • Terms Of Service
  • Privacy Policy
  • Contact Us

Copyright © 2017-2022 Spotlight Growth. All Right Reserved. Designed by Cool Cat Interactive.

No Result
View All Result
  • Home
  • News
    • Bio/Med/Pharma
    • Cannabis
    • Commodities
    • Consumer Goods
    • Crowdfunding
    • Cryptocurrency
    • Crypto Cheat Sheets
    • Earnings
    • Entertainment
    • Financials
    • Market News
    • Opinion
    • Politics
    • Technology
    • Venture Capital/Private Equity (VC/PE)
  • Video
  • Stock and Crypto Screener

Copyright © 2017-2022 Spotlight Growth. All Right Reserved. Designed by Cool Cat Interactive.

Newsletter Signup

Subscribe to our weekly newsletter below and never miss the latest small/micro-cap analysis and investment news from Spotlight Growth.

Enter your email address

Thanks, I’m not interested