Consumers Lower Debt Levels Despite Government Stimulus
Written By: Off The Grid News | Posted: Wednesday, December 5th, 2012
The government wants Americans to spend, spend, spend - but the average consumer is over it. Instead of doing what the government wants, millions of consumers are doing what's best for their own lives: they're taking a hard look at their finances and trying to dump their debt load.
For some, it's a matter of cutting back until they can catch up on payments. For others, it's been a matter of mailing back the keys and declaring bankruptcy. Either way, for the first time in years, American debt levels are falling. It's making individual households happy, but the government is none too thrilled about it.
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