Many consumers in Michigan and around the country are having difficulty meeting their financial obligations despite low unemployment, rising wages and sustained economic growth according to figures from the Federal Reserve Bank of St. Louis. The bank says that the...
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3 tips for avoiding bankruptcy this holiday season
With summer ending, the holidays are just around the corner. If you are on a tight budget, you may have a lot of concerns about the holiday season already. Buying presents and decorations can put a strain on your finances. This can be especially troubling if you are...
Bankruptcies increase among elderly Americans
An increasing number of elderly people in Michigan and across the United States are filing for bankruptcy, especially as wealth inequality continues to deepen. Several studies have indicated that older Americans are suffering from escalating financial problems....
The four types of child support cases
Child support programs in Michigan and around the country were established to ensure that children receive the care they need and do not become burdens on the state. Title IV of the 1975 Social Security Act allows the federal government to send states incentive...
Student loan debt stresses marital relationships
For many young people in Ann Arbor, student loan debt represents a major burden on their financial, personal and social lives. Many millennials have postponed important life milestones like marriage and children because they first want to address mounting educational...
Racial bias often plays a role in bail decisions
Judges in Michigan and around the country set bail to ensure that criminal defendants will appear to face trial, and remand is generally reserved for individuals who are considered a flight risk or could pose a danger to the general public. These decisions should be...
