According to Bob Lawless at The Credit Slips Blog, if no one in America spent any of this year’s personal income on “trivial” things like food, shelter, taxes, and medical care,” it would still not be enough to pay off all of our mortgages, credit cards, and other “other personal indebtedness.” In 2003, this wasn’t true.

Something to think about before you charge something you don’t really need. —MEGHANN MARCO

One to Lie Awake at Night About [Credit Slips]
(Photo:DCVision2006)

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