Friday, December 12, 2008

Households cut back on debt for first time ever - Stocks & economy- msnbc.com

WASHINGTON - U.S. households, hit by declining home values and stock market losses, have cut back on their debt levels for the first time on record as loans remain scarce amid what appears to be a deepening recession.
Households cut back on debt for first time ever - Stocks & economy- msnbc.com
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