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Credit Card and Debt Statistics Database
by Scott Bilker
Scott Bilker is the author of the best-selling books, Talk Your Way Out of Credit Card Debt, Credit Card and Debt Management, and How to be more Credit Card and Debt Smart. He's also the founder of DebtSmart.com. More about and DebtSmart can be found in the online media kit.
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More Disposable Income and Household Debt

According to the Federal Reserve Board, the average American household spent 14.35 percent of its income to pay off consumer and mortgage loans during the first three months of the year (2001). That figure is the second highest ever, just below the 14.38 percent for the 4th quarter of 1986, since the Fed began this data series in 1980.
        Categories:  Debt,Ratios
        Reporting Pub:  Yahoo News
        Reporting Date:  7/27/2001
        Article Title:  More Americans Struggling with Card Bills
        Article Author:  Reuters
        Pub's Source:  Federal Reserve Board
        Source URL:  View details from source
 

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