Americans are lumbering under about $900 billion in credit card debt

According to the latest Federal Reserve figures. Woah.

Banks are now actually asking for credit card debt forgiveness from the government. And I was wondering why suddenly those damned “blank checks” from credit card companies were no longer filling up the mailbox.

Is the age of living beyond one’s means finally coming to and end?

Tags: credit, debt, fed

This entry was posted on Sunday, November 2nd, 2008 at 6:44 pm and is filed under Wealth. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.