New York Fed: Have U.S. Consumers Become more Frugal?
Yes. Taken together, the mortgage and non-mortgage series reported here indicate a change in consumer behavior other than delinquency and default. While borrowing contributed an annual average of about $330 billion to consumers’ cash flow between 2000 and 2007, by … Continue reading New York Fed: Have U.S. Consumers Become more Frugal?
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