25 Quotes by Stephen Brobeck

We recommend that consumers shift their funds from traditional savings to CDs and from banks to credit unions. If everyone did so they would earn about $40 billion more in interest annually. That's an average of about $400 per household.

Shifting debt from one card to another can get you in trouble if you just accrue more debt.

Net wealth hardly grew despite a substantial rise in house values.

On some small accounts, the fees are so high and the interest is so low that the savings dwindle rather than accumulate.

Most Americans are now aware of the consumer debt trap and the need to build wealth, but don't believe they can do so.

We project for all households in the Northeast, oil and heat bills will be 35 percent higher than last year and that for households in the Midwest, gas bills will be 50 percent higher. Low and moderate income households will be clobbered by these oil and gas price hikes.

You basically charge what the traffic will bear.

Those who have obtained their scores know significantly more about credit scores than those who have not,

The bottom line for consumers is potentially billions of dollars a year in additional charges, fees, and higher interest rates and lower yields on savings.