Recession Hits Older Consumers Harder in Credit Downturn
FICO data show consumers over 60 suffered the steepest credit score drop during the 2007 recession. Healthy scores 760 plus fell from 55.4 percent in 2005 to 51.6 percent recently while average debt rose about 12 percent from 49330 to 55200.
MENTIONED IN THIS ARTICLE
FICO
Credit Score Company
Advertising lands in Spain landmarks reflect ad funded recession
Spain faces 27 percent unemployment as councils seek new revenue. Barcelona’s Columbus statue wore a Barcelona shirt for Nike and Vodafone will rename Sol station in Madrid at 3 million euros over three years. Line 2 will become Linea 2 Vodafone in September. This marks Europe’s first metro line sponsorship.
MENTIONED IN THIS ARTICLE
Madrid
Spain
Christopher Columbus
Barcelona
Europe
Manuel Martin
University of Navarra
Britain
Nike
Columbus
Vodafone
Metro de Madrid
Sol Plaza
Sol
Linea 2
Online retailers push into brick and mortar storefronts
The Star Tribune notes retailers from Amazon to Warby Parker are opening physical stores as online sales rise. Experts say brick and mortar offer product examination and returns, while online giants use stores to capture more sales despite higher costs.
MENTIONED IN THIS ARTICLE
Amazon
Warby Parker
Bonobos
Best Buy
Target
com-Score
Jeff Green
Green
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