Gas Price Update: $4.179
In today’s show we first discuss how much the average person spends on lottery tickets according to a study by Peter Tufano, et al. This is taken from an article from Money Magazine.
This horrifyingly huge number led us to check out the current personal savings rate in the United States at economicindicators.gov and the Bureau of Economic Analysis. While personal savings are up for the month of May, things overall aren’t looking great.
With the economic issues impacting the United States, we take a look at a couple of articles that cover some bills that Congress is considering to address the nation’s concerns. The first article from money.cnn.com covers the Credit Card Fair Fee Act which addresses credit card interchange fees. We talk about whether or not the proposed bill would help you at all. Hint: Not likely.
The second article, also from money.cnn.com, is about a Credit Card Bill of Rights that is working its way through congressional committee. It addresses some unfair practices that credit card companies perpetrate when they have a customer at their mercy. Will this one help? Hint: Hopefully.
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