Economic indicator: Less cash

Courtesy Marketplace  Tue, 05/13/2008 - 16:24

Wal-Mart says sales have started to follow the pay cycle -- trailing off as money runs out before the next paycheck comes.

And Bank of America is seeing more people paying for basics with credit cards. Janet Babin reports on families feeling the pinch.

Sponsors

 

Related items

Wal-Mart sales boosted by food and clothing
Wal-Mart Stores reported September sales Wednesday that were at the low-end of of its own forecast as its mostly paycheck-to-paycheck customers...

Third quarter looking bad for banks
Bank of America CEO Ken Lewis says he hasn't seen such difficult conditions for banks in his 39 years in the business. Ashley Milne-Tyte reports on...

Dow falls 370 points as fear grips markets
The Dow finishes at levels last seen in October 2004, but losses are cut substantially at day's end. The decline is prompted by heavy selling around...

Home price cuts for Coldwell fire sale
Coldwell Banker Real Estate is planning to slash home prices up to 10% across the nation, based on agreements with home sellers, to try to boost...

Europe, Asia plunge; rocky week ahead
Skittish investors around the world avoid stocks as recession looms. Wachovia reportedly will be split between Citigroup and Wells Fargo. Bank of...


 

Post new comment

The content of this field is kept private and will not be shown publicly.
money-employment.marc8.com