It has happened for the first time in 50 years…what do you think it is?

Drum roll please…..The Wall Street Journal recently reported that household debt in the U.S. went down a bit in the third quarter of 2008. That might not sound so impressive, but get this — that’s the first time it has decreased in more than 50 years!

Is that little fun fact amazing or what….I would love to see the numbers on this and the breakdown.  I wonder if all the written off foreclosures are calculated in, or if people are truly paying down their debt.  I know we are personally doing this but maybe a whole lot of people are doing the same thing if those numbers being reported are accurate.

I guess that doesn’t bode well for the economy as a whole but like I said previously, we have to watch out for ourselves because there is no govt bail out money waiting for us little guys.


~ by debt2dreams on January 22, 2009.

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