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Home > Blogs > Here's the Deal > Archives > 2008 > December > 11 > Entry
Household debt down for first time
USA Today reported earlier today, Dec. 11, that households debt is down for the first time on record.
The story cites a Federal Reserve quarterly report, also released today, showing that households reduced their debt levels 0.8 percent at an annual rate in the July through September period.
They credit the decrease in debt to the fact that fewer people have been able to get loans during that time.
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