Stephen Brobeck
Stephen Brobeck
Stephen Brobeck is the director of the Consumer Federation of America...
borrow finding likely personal save wealth
This is an important finding because those who know their personal wealth are more likely to spend, borrow and save sensibly.
comparison generally good shop sure
Generally it's a good idea, but you need to comparison shop to make sure you get a good deal.
aware believe build consumer debt trap
Most Americans are now aware of the consumer debt trap and the need to build wealth, but don't believe they can do so.
banking industry interested radar screen small
This is not on the radar screen of the banking industry right now. They're not interested in small depositors.
average banks billion cds consumers credit earn funds interest per recommend savings shift
We recommend that consumers shift their funds from traditional savings to CDs and from banks to credit unions. If everyone did so they would earn about $40 billion more in interest annually. That's an average of about $400 per household.
bills gas heat higher households income last low moderate oil percent price project year
We project for all households in the Northeast, oil and heat bills will be 35 percent higher than last year and that for households in the Midwest, gas bills will be 50 percent higher. Low and moderate income households will be clobbered by these oil and gas price hikes.