Consumers: Credit, Wages Down, But Spending Up

August 9th, 2010 | by DebtFree.net |

Consumer credit card debt has fallen 21 months in a row. The savings rate has risen from 2.1% to over 6% and wages and salaries are lower than before the Credit Crisis. Even though all three reduce consumer spending, the GDP reports claim U.S. consumers are spending more.—
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