Interesting article that says that consumer borrowing is drying up and Americans are being forced to live within their means and avoid debt. I receive more credit card solicitations today then I ever have, but maybe that's just me.

I do think that there will be belt tightening though as homes can no longer serve as piggybanks.

 

Submitted: Feb 5, 2008    Views: 283    Comments: 1    Likes: 2   


View Article: http://www.nytimes.com/2008/02/05/business/05spend.html?em&ex=12023...


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Comments Received:

ktexas
ktexas

Reminds me of a Saturday Night Live fake commerical advertising a personal finance book titled "Don't Buy Stuff You Cannot Afford". Steve Martin played the guy in debt who just couldn't grasp that concept.

Transcripts of this skit @
http://snltranscripts.jt.org/05/05lbuy.phtml

Posted: Feb 5, 2008

Author/Submitter Response:

I'll have to check it out. Thanks for the comment.



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