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Credit Card Delinquencies Reach 11-Year Low — Dollars and Sense

These days more credit card customers are paying their bills on time than they have over the course of the last decade.

A report released earlier today by the American Bankers Association indicates that delinquencies on credit cards are currently at an 11-year low, with only 2.93 percent of credit accounts reported past due by 30 days or more. These figures come in substantially under the 3.91 percent 15-year average.

So, what’s with all of the newfound responsibility?

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millionaire
Comstock
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Thousands of Millionaires Collect Unemployment Benefits — Dollars and Sense

According to a study by the Congressional Research Service, roughly 2,360 millionaires collected unemployment insurance benefits in 2009. The study, titled “Receipt of Unemployment Insurance by Higher-Income Unemployed Workers,” determined that 2 percent of unemployment insurance claims received in 2009 were to millionaires, adding up to nearly $21 million in benefits.

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money in apple
Photo courtesy of teamjenkins/Flickr
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What is a Fair Amount for Montana’s Minimum Wage?

Montana's minimum wage is adjusted from year to year based on increases in the cost-of-living. In January of 2013, the minimum wage will jump up $.15 from $7.65 to $7.80 because the cost of consumer goods went up over the last year (measured from August 2011 to August 2012)

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classic pumps
Photo courtesy of Muffet/Flickr
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Gas Prices Bucking Historic Trend, Staying High

Traditionally, the cooler months of the year bring a downward slide in gas prices.

Not so this year, however, as September closed with prices flat-lined for nearly three weeks in a row. The average gas price in Montana is still stuck at $3

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college graduates
Lesliebyk, Flickr
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Job Market (Finally) Improving for College Grads — Dollars and Sense

For recent college graduates, the economic downturn and very, very slow recovery of the past few years have been brutal. But things may be looking up.

According to the Job Outlook 2013 survey, employers are on track to hire 13 percent more graduates from the class of 2013 than they did for those who walked away with their degrees in 2012.

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1943 Lincoln Penny
Dmnshnlz1, Flickr
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1943 Penny Sells for $1 Million — Dollars and Sense

How much is a penny really worth these days? Well, if it happens to be a 1943 Lincoln, it is likely worth a pretty penny, as one has reportedly just sold for $1 million.

Experts say the reason this rare coin is so valuable is because back when it was manufactured at the San Francisco Mint, it was mistakenly produced with bronze rather than the typical zinc-coated steel that the majority of the currency is made with.

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Discover
Breakingbusiness, Flickr
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Discover Misleads Cardholders, Will Issue $200 Million Refund — Dollars and Sense

Do you have a Discover card? If so, you can expect to receive a refund.

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(KLYQ Photo)
(KLYQ Photo)
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Hamilton Beats Missoula in Most-Business-Friendly Study

Study discovers the most business friendly in Montana.

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gas
Photo courtesy by JasonLangheine/Flickr
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Montana Gas Prices Stall

Montana's gas prices this week are nearly identical to what they were a week ago. Although Montana's prices have been locked at $3.76 per gallon, the national price has dropped four cents to $3.81.

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Category: Local News Tags: ,
unemployment
Photo courtesy of Bytemarks/Flickr
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Montana Unemployment Numbers Stay Flat in August

The Montana Department of Labor and Industry has published the State's unemployment numbers for the month of August.

The report shows unemployment holding relatively flat through the summer at 6

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