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Home>Households Continue to Reduce Debt and Embrace Frugality

Households Continue to Reduce Debt and Embrace Frugality

Perspectives Content Submission

Fri, 4 Nov 2011

Many things are different about the current economic recovery compared with past recoveries from recessions. One of the most important differences is the lack of any meaningful resurgence in consumer spending. Households continue to reduce their debt levels (in what economists call the deleveraging
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