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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: ild who wrote (244337)	6/6/2003 5:31:39 PM
From: ild	Read Replies (1) \| Respond to of 436258

Households: Another Quarter Older And Deeper In Debt June 06, 2003 northerntrust.com ...All of this explains why growth in consumer spending remains tepid. Households remain heavily burdened with debt. Yes, the interest rates on this debt are very low. But the massive amount of debt owed by households is partially offsetting the low-interest-rate effect on consumer spending. In other words, households are keeping their debt-service ratios at elevated levels by “making it up on volume.” ...