Money

NJ Consumers Not Optimistic About Economy

STATE — New Jerseyans continue to be gloomy about their household finances. According to the most recent consumer survey by Fairleigh Dickinson University’s Silberman College of Business, just one in five New Jerseyans (21%) report they are better off than a year ago.

Attorney General Announces Settlement of Fraud Case with Mortgage Rescue Firms

TRENTON – Attorney General Paula T. Dow announced today that the owner of several New Jersey loan modification companies has agreed to pay the state $805,000 and stay out of the foreclosure rescue business to resolve allegations he defrauded struggling homeowners who sought help in staving off foreclosure.

Five Signs Your Debt Is Out of Control

ROSELAND– Everyone runs up a little credit card debt, right? That’s what many people tell themselves to justify carrying heavy loan amounts, but the fact is that undisciplined spending and poor credit management are serious problems that must be addressed.

Bill Providing Income Tax Deduction For Contributions To College Savings Plan Clears Hurdle

TRENTON – A Senate committee released legislation that would provide residents who save for their children’s college education through a state-administered college savings plan with a state income tax deduction for their investments.

Officials Will Provide Guidance On Foreclosure Issues At Free Public Forum

UNION COUNTY— A public education forum, “Foreclosure: Moving From Fear To Positive Action,” will be held on Monday, Oct. 18, from 6:30 to 8:30 p.m. at St. Helen’s Roman Catholic Church, 1600 Rahway Avenue, Westfield. The event is free and open to the public.

Beware Of These Job Hunting Scams

(SPM Wire) With high rates of unemployment nationwide, almost everybody knows someone who is out of work and actively looking for a job. Adding insult to injury, many scammers are now taking advantage of this opportunity to prey on these job seekers, according to the Better Business Bureau (BBB).

Study Finds Curbing Federal Debt Easier With Both Spending Cuts And Tax Hikes

WASHINGTON, D.C. — A new study by the Pew Fiscal Analysis Initiative projects that without significant revenue increases or spending reductions, the federal debt will climb to the unprecedented level of 132 percent of annual gross domestic product (GDP)—or $54 trillion—by 2035.