Anthropomorphic Personifications

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Tuesday, February 05, 2008

Living within their means

Now I'm as guilty as the next credit card toting consumer (without an mortgage) but, is it just me or does this sound suspiciously like a good thing?
Economy Fitful, Americans Start to Pay as They Go - New York Times: "But now the freewheeling days of credit and risk may have run their course — at least for a while and perhaps much longer — as a period of involuntary thrift unfolds in many households. With the number of jobs shrinking, housing prices falling and debt levels swelling, the same nation that pioneered the no-money-down mortgage suddenly confronts an unfamiliar imperative: more Americans must live within their means."


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