U.S. household debt drops for first time

12/12/2008 | Google

The Federal Reserve said in its quarterly review of consumer and business finance that household debt in the U.S. fell at an annual rate of 0.8% from July to September. That marks the first decline since the Fed started tracking the data in 1952. The AICPA's financial literacy Web site offers consumers tips for reducing debt and boosting savings.

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