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Part 9: The Problems Associated with Debt Accumulation November 30, 2008 Personal indebtedness is at historic levels. American’s inclination to borrow money has been fueled by two decades of low interest rates. The typical household has 6.5 credit cards with an average balance of $8,000. We pay a larger percentage of our income on housing (33% according to Bureau of Labor Statistics) than at any point in our history. |
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Welcome to inSight, the official newsletter of enDevelopment.
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