Are Wages Finally Going Up?

by | Apr 15, 2014 | Debt Relief, Debt Settlement

Not really, no.  While consumer spending and credit increased steadily at the end of 2013, wages and salaries showed no growth. 2013 was a terrible year for income growth. “For all of 2013, income growth was 2.8%, the weakest performance since 2009, when income fell 2.8% as the country struggled with a deep recession.” Employment growth is slowing down and stagnating. None of these things are good signs for the everyday consumer.

Read more here: http://www.nytimes.com/2014/02/01/business/economy/incomes-are-flat-but-consumer-spending-rises.html?_r=0

If your income is stagnating or your employment circumstances have changed and you can’t seem to manage all of the debt that is on your plate, then consult with a debt settlement attorney who can help you reduce your debt obligations and stay within your budget.

 

The following two tabs change content below.
Avatar

Kevin Fallon McCarthy

Kevin Fallon McCarthy is the McCarthy Law PLC’s managing attorney and an experienced Phoenix debt attorney. Mr. McCarthy has also worked as general counsel for a large corporation. He has corporate counsel experience in human resource matters, general corporate governance, and union class action litigation.