6/24/2013

U.S. households' debt-service ratio declined in the fourth quarter to its lowest level since record keeping began in 1980. The drop is a sign that consumers are finally recovering from their spending and borrowing binge during boom years, according to The Economist. "New figures released by the Federal Reserve show a small rise in the first quarter of 2013, but the household debt-service burden appears to have bottomed out," the magazine says.

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