Utah Financial Planner» Debt http://www.utah-financial-planner.com Keeping you Informed about Financial Planning in Utah Wed, 12 Aug 2009 17:17:07 +0000 http://wordpress.org/?v=2.9.1 en hourly 1 Are Americans Getting out of Debt? http://www.utah-financial-planner.com/2008/are-americans-getting-out-of-debt/ http://www.utah-financial-planner.com/2008/are-americans-getting-out-of-debt/#comments Fri, 12 Dec 2008 18:01:37 +0000 admin http://www.utah-financial-planner.com/?p=43 Maybe the economic crisis is teaching us something after all! CNN reports that for the first time ever, American’s debt shrunk! Read that, for the 1st time ever. Well, at least since 1952 when the Federal Reserve started collecting information about household debt.

“According to a Federal Reserve report released Thursday, consumer debt fell an annualized $30 billion, or 0.8% in the third quarter to $13.91 trillion.”

Our collective net worth has fallen too – to $2.8 trillion, or 4.7%, in the third quarter.

This is good news, a silver lining in otherwise dreary news we’ve had this year.

Here’s a resolution for the new year: get out of consumer debt and start investing with a Utah Financial Planner.

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