Monday, October 13, 2008

Economy

Great article from Ron Scherer (www.csmonitor.com) about Americans finally shifting their attitudes towards finances:

http://www.csmonitor.com/2008/1010/p01s04-usec.html

Since last October, household net worth has fallen more than $6 trillion...That calculates to roughly $55,000 per household.

This is one time where I am happy to be below the average. Americans, for the first time, are realizing that having too much debt is unwise, which should cause a short-term bump in our savings rate.

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