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Tuesday, January 15, 2013

Why U.S. might be ‘a nation of deadbeats’ - MarketWatch

Why U.S. might be ‘a nation of deadbeats’ - MarketWatch
 the current generation of Americans — or some of them — have set records for default which probably have no parallel in the history of the human race. During the last five years, U.S. individuals have walked away from a staggering $585 billion in mortgages, credit card debts and other personal loans. That works out at about $6,000 per household.

Maybe this is why 66 year old are returning to the work force.



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