Consumer Behavior News

Saturday, July 26, 2014

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Foreclosures Likely Causing a Rise in Death and High Blood Pressure

Foreclosures Likely Causing a Rise in Death and High Blood Pressure

TheStreet (June 20, 2014) Buying a home is a glorious occasion but for some it can lead to high blood pressure, suicide and even murder. An American Journal of Public Health study found that foreclosure has likely contributed to a rise in suicide rates. A California Reinvestment Coalition study found that many are experiencing unreasonable delays and are getting the run-around from their mortgage servicers. When banks transfer their loan servicing to third party companies, homeowners are often forced to start over. The worst named are Wells Fargo, Bank of America and non bank servicers Nationstar and Ocwen. Contact the Department of Housing and Urban Development for a listing of approved counselors for help with your mortgage or file a complaint with the Consumer Financial Protection Bureau. Video provided by TheStreet
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The Company You Keep Impacts Your Spending Patterns as a Consumer

The Company You Keep Impacts Your Spending Patterns as a Consumer

TheStreet (June 18, 2014) Friends are more likely to feel a strong sense of affiliation when enjoying small indulgences together or helping one another resist larger temptation, according to new research out of Vanderbilt University and Texas A&M. In fact, Kelly Haws, associate professor at Vanderbilt Owen Graduate School of Management, says that consumers who shop or dine with their friends are more likely to happily spend or indulge a little more, but feel a strong affiliation when a friend reaffirms their decision not to overindulge. Haws reveals how consumers should use this knowledge to help themselves control their financial decisions. Video provided by TheStreet
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Do Hurricanes With Female Names Kill More People?

Do Hurricanes With Female Names Kill More People?

Newsy (June 2, 2014) A new study says feminine-sounding hurricane names make people less cautious, but some scientists say the study has a glaring flaw. Video provided by Newsy
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Congress Takes on Marijuana for Next Year's Budget

Congress Takes on Marijuana for Next Year's Budget

TheStreet (May 29, 2014) Congress is voting on amendments to the fiscal 2015 appropriations bill that contain $51 billion in discretionary spending. Some of the amendments that have been discussed revolve around the Drug Enforcement Agency. The department is getting its budget increased more than it has requested and at a time when many departments are getting cut. There is also an amendment that would prohibit the DEA from spending money raiding state-licensed marijuana businesses. The measure is intended to protect medical marijuana patients and providers and it has already been offered seven times. Video provided by TheStreet
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last updated on 2014-07-26 at 8:57 am EDT

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