Paying down debt...

Submitted by suestock on December 12, 2008 - 8:00am.
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Well, despite the economy, I was encouraged by the news that U.S. household debt was paid down in the third quarter of this year. However, I was just stunned by the fact that this is the first time that's happened since 1952! Check out the MarketWatch story about the new household debt numbers here. And feel free to add your two cents by posting a comment!

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Re: Paying down debt...

Submitted by allisonfanderson on December 12, 2008 - 9:18am.

I think the scariest part of this is that the main reason debt fell is because of the foreclosure rate. If you don't own a home anymore then you don't have the debt associated with it :-(

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