Tuesday, July 20, 2010
Debt levels trending down
American Express recently surveyed young couples about their financial lives in their mid-year Spending & Saving Tracker. The Yahoo! Finance business story goes into detail talking about the part of the survey that has to do with how couples manage their money. You can read that story here:
But there's also a part of the survey that reports on the level of saving that people are doing. Apparently, 75 percent of those responding to the survey say their level of debt didn't increase during the first six months of 2010. In fact, 38 percent say that their debt actually decreased. This is great news - and exactly where we all need to be headed.
You can read the actual press release here: