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Basics, Not Luxuries, Blamed for High Debt
May 12, 2006
Health care, education, and housing are what most people are spending their way to high debt for, rather than luxury items like plasma TVs and flame-bedecked speedboats, according to a story running on MSNBC.
The typical family debt rose a pretty non-typical 33.1 per cent between 2001 and 2004 according to a study by the Fed.
You can read more about this story at Basics, Not Luxuries, Blamed for High Debt.
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