Plastic Looking a Little Less Fantastic


Americans may be learning, albeit slowly, to live without their credit cards.

In a recent survey by Bankrate Inc., 40% of consumers said they would not be upset if their credit lines disappeared. Of the respondents who had credit cards, nearly one-third (32%) said they probably would buy less on credit in 2009 than in 2008. A much smaller group (5%) said they would be devastated with the loss of access to their credit cards.

Source: Bankrate Inc., www.bankrate.com/financialliteracy.

SPONSORED REPORT

6 key areas of change for accountants and auditors

New accounting standards on revenue recognition, leases, and credit losses present implementation challenges. This independently-written report identifies the hurdles that accounting professionals face and provides tips for overcoming the challenges.

PODCAST

How tax reform will impact individual taxpayers

Amy Wang, a CPA who is a senior technical manager for tax advocacy at the AICPA, answers to some of the most common questions on how the new tax reform law will impact individual taxpayers.