Debt Consolidation vs. Debt Settlement Infographic

When you have a debt and numerous bills to be paid off, you certainly want to get rid of your burden fast. You may consider one of the most popular options: to consolidate or settle the debt. Both debt settlement and debt consolidation have pros and cons, and both were created to lessen the burden and make the debt more manageable. Debt settlement implies negotiating with creditors in order to settle a debt for less than what is owed. Debt consolidation is debt refinancing in order to take out a single loan to pay them all. If you use debt settlement (or debt consolidation) properly, it can help you eliminate your debt faster. Check the infographic from Personal Money Service that will help understand what option you need. To learn more, visit debt consolidation loans page.

How Much is Silver Worth? The Price of Silver & Gold Yesterday & Today

What Could You Buy With $100 Worth of Silver or Gold if You Invested 40 Years Ago?

As the purchasing power of the U.S. dollar decreases by the year, investors are turning to precious metals. The public has not yet figured out that the dollar’s devaluation is ongoing and that holding physical precious metals rather than cash is an effective way of protecting their purchasing power over time. Grasping the concept of dollar devaluation is difficult for many. One of the most effective methods used to illuminate this concept is through illustrations. We at Money Metals Exchange decided to use a $100 gold/silver investment from 1971 and convert the value into its worth today. Infographic provided by Money Metals Exchange


The History of The Minimum Wage In The United States

Under the Fair Labor Standards Act (FLSA), workers in the United States must be paid at least a minimum wage — currently set at $7.25 an hour. While states and municipalities have the power to establish higher wages — for example, Washington is $9.32 and San Francisco is $10.74 — the federal minimum wage creates a base level for most employees. The only exceptions to the rule are certain tipped employees, full-time students, youth workers and disabled workers.

According to the Bureau of Labor Statistics, 1.6 million hourly workers earned the federal minimum wage in 2012, with nearly 2 million more earning less than the minimum because they fell under one of the above exemptions. More than half of minimum wage employees work in the leisure and hospitality industry, followed by retail, education and health services.

How did we get to today’s rate of $7.25 an hour?

Let’s take a closer look at the history of the minimum wage.