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IPFS News Link • Economy - Economics USA

Holiday Shoppers Fiddle While Their Financial Future Burns

12-12-2006 • DailyReckoning.com

"In 2005, the average consumer spent $20 for every $19 he earned," Wiggin went on to say, "and that was during the peak of a housing bubble that appears to have now come to a dramatic end."

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Reported By Ernest Hancock

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