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However, Scott Bilker, a consumer-credit expert who runs the website DebtSmart.com, says you should pause before following the pack. He says the diminished view of the housing market is causing some people to walk away from their house too quickly. Defaulting on your home loan, like defaulting on your...

Author: /time Magazine | Title: Strapped Consumers Paying Credit-Card Bills Before Mortgages | 3/2/2010 | See Source »

The biggest reason for the change in customers' credit behavior has to do with falling housing prices. For a long time, a house was the largest asset of most people. But according to a recent study from housing-value tracker Zillow.com, about 20% of all homeowners are now underwater on...

Author: /time Magazine | Title: Strapped Consumers Paying Credit-Card Bills Before Mortgages | 3/2/2010 | See Source »

Also reshuffling consumers' debt priorities is the fact that loan-modification programs are making it more likely that consumers will be able to keep their home, even after they have missed some payments. Many banks, too, have cut back on credit-card lending, lowering limits and canceling cards of borrowers...

Author: /time Magazine | Title: Strapped Consumers Paying Credit-Card Bills Before Mortgages | 3/2/2010 | See Source »

It's hard to avoid logging screen time of some kind on a daily basis, and that's true even in young children. Babies in the U.S. start watching TV early on, with educational DVDs and television shows designed to encourage early language development in pre-preschoolers.

Author: /time Magazine | Title: Baby Wordsworth Babies: Not Exactly Wordy | 3/2/2010 | See Source »

The results suggest that discussions about hastening death in pediatric patients occur with about the same frequency and among the same demographic groups as euthanasia deliberations by family members of adult terminal patients. But in many cases, the family may choose different approaches depending on the age of the patient...

Author: /time Magazine | Title: Study: Parents Weigh Hastening End for Dying Children | 3/2/2010 | See Source »

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