Debt Decline article
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Debt Decline article
| Thu, 12-11-2008 - 2:48pm |
http://news.yahoo.com/s/ap/20081211/ap_on_bi_go_ec_fi/economy_consumer_debt
I thought it interesting when they indicated that the decline in household was all because of the "Credit freeze".


I am thankful for this board. It is inspiring to see so many people understand debt and how it hurts families and our economy. However I believe there are far more people out there that can't or won't pay down debt. There are tons of people who don't know they have a problem with spending, budgeting or even how to pay their day to day bills. The only way they are lowering their debt loads is because they are not given any more credit. This may not be everyone, but I sure know a few. And what gets me is that it really doesn't bother them at ALL. I don't understand this group.
Great article and insight, Tracy.
It seems that everyone I know falls into either one of two modes: