Consumer debt falls in Q4 on mortgage balances
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Posted On: 02/28/2012 9:41:33 PM
Consumer debt falls in Q4 on mortgage balances
NEW YORK (Reuters) - U.S. households continued to shave debt in the fourth quarter as mortgage balances declined, while there were tentative signs Americans are increasingly willing to spend, according to a report released on Monday by the New York Federal Reserve.
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