Beaten down, American consumers burrow deeper (The Daily Jeffersonian)
April 21st, 2009 | by DebtFree.net |WASHINGTON (AP) — Beaten down and watching their wealth shrink, Americans are burrowing ever deeper — cutting back on spending and spelling more trouble for the sinking economy. One of the biggest problems saddling the country is damage from the housing market’s collapse. Mounting foreclosures, falling home prices and soured mortgage investments are taking their toll on both individuals and …
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