Author: Ben Fisher
Multiple Indicators Point to Financial Slowdown for Cities
By many markers, the national economy is performing well as of late. Unemployment figures recently reached a 16-year low, and we have seen steady GDP growth since the 2007 recession. However, those numbers don’t tell the whole story. According to the latest edition of an annual survey from the National League of Cities, a few
How Collection Legislation Impacts Consumer Financial Health
Despite the significant impact of the debt collection industry on the economy as a whole, relatively little research exists as to the impact that state-level collection legislation has on consumer financial outcomes. Preliminary findings in a recent staff report from the Federal Reserve Bank of New York reveal “consistent evidence that restricting collection activities leads
State Rainy Day Funds Face Challenges
When people have to tap into their rainy day fund, it’s to account for surprise expenses. Sometimes we have to fix the furnace when it breaks down, pay for Junior’s field trip, or pay for a vet bill when the dog swallows a sock. Governments have rainy day funds for the same reasons, albeit on
