Friday, December 30, 2011

5 Signs You’re Borrowing Too Much

 (Time)  They’re ba-ack. Like the ghosts in Poltergeist, shoppers have returned this holiday season and they are threatening to stir up a familiar demon—debts they can’t repay.

Black Friday sales set records. Cyber Monday sales were torrid too. Personal spending accounted for the vast majority of third-quarter growth, and spending has been up three of the past four months, reports the Wall Street Journal. The savings rate has fallen to 3.5% from 5.3%.    MORE

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