Prescription Wealth

Most Americans (82 percent) feel optimistic when it comes to their financial futures, according to the Family Financial Forecast study commissioned by State Farm Life Insurance Companies. Most Americans also have similar goals in mind when it comes to money:

*  86 percent value having financial security

*  73 percent value saving for retirement

*  70 percent value paying down debt

*  68 percent value building a savings account Read the rest of this entry »

Twelve percent of homeowners with a mortgage were behind on their payments in the first quarter of 2009, reaching a new record, according to the Mortgage Bankers Association. Further, the rise is expected to continue until the end of 2010.

A record 12 percent of homeowners are behind on their mortgage payments.

While many of those in financial trouble have risky adjustable rate loans Read the rest of this entry »