Tag Archives: incentives

Consumer borrowing surges as economy improves

Americans are feeling confident enough in the economy to go back to a time-honored tradition — taking on a little extra debt. Consumer borrowing surged in November by $20.4 billion, the Federal Reserve said Monday, January 9. It was the third straight increase and the largest monthly gain in a decade. Read More

4 pitfalls of holiday perks for credit cards

It seems like the most wonderful time of year for credit card rewards. With the holiday season fast approaching, card issuers are dangling big sign-on bonuses and richer rewards. Read More

Credit cards in 2011: Higher rates, richer rewards

A new breed of credit cards is on the way for 2011. Tighter regulations, cutting-edge technologies and a growing willingness by banks to lend again are just some of the factors reshaping the credit card industry. For sharp-eyed consumers, the changes could present an opportunity to significantly lower monthly expenses.

To make the most of your plastic, here are the key trends to watch… Read More

Disincentives … an Update

Our Tea Leaf issue dated January 27, 2010 reviewed a handful of the major disincentives emanating from Washington DC that were currently sending shock waves through American businesses…and very likely to stifle solid levels of U.S. job creation in coming months and years. . . . read more Read More

Senate approves home tax credit extension

The Senate on Wednesday, June 16, approved a plan to give homebuyers an extra three months to finish qualifying for federal tax incentives that boosted home sales this spring.

The move by Senate Majority Leader Harry Reid would give buyers until Sept. 30 to complete their purchases and qualify for tax credits of up to $8,000 . . . read more Read More

Report: Money for good habits doesn’t change lives

An experimental anti-poverty program that pays the poor for maintaining good habits — $25 to $150 for things such as going to the dentist, staying on the job or opening a bank account — has not been life-changing.

The cash incentives funded with private donations have helped some New Yorkers make better choices, but it has not encouraged young people to do better in school or adults to keep a job. And Mayor Michael Bloomberg said the incentives are not the answer to eradicating poverty.

The program, which will end as scheduled in August, “doesn’t work in every case,” Bloomberg said. “You always hope that you’ve come across a magic silver bullet and you never do. . . . read more Read More