Debt Decline article

Community Leader
Registered: 07-26-1999
Debt Decline article
3
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".

Photobucket
iVillage Member
Registered: 11-14-2008
Thu, 12-11-2008 - 4:33pm

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.



iVillage Member
Registered: 03-17-2003
Thu, 12-11-2008 - 5:37pm
I had the same thoughts when I read the article: how many of those debts were wiped out legally?

iVillage Member
Registered: 04-12-2007
Thu, 12-11-2008 - 7:06pm

Great article and insight, Tracy.


It seems that everyone I know falls into either one of two modes: