"Since the financial crisis erupted, millions of Americans have ditched their credit cards, accelerated mortgage payments and cut off credit lines that during the good times were used like a bottomless piggybank. Many have resorted to a practice once thought old-fashioned -- delaying purchases until they have the cash.Read the WSJ article. (Thanks, Tom)
As a result, total household debt -- through payment or default -- fell by $1.1 trillion, or 8.6%, from mid-2008 through the first half of 2011, according to the Federal Reserve Bank of New York"
Thursday, October 27, 2011
The Long Haul: Spenders Become Savers, Hurting Recovery
Good stats on how the recession has turned us into (more responsible) savers:
Why Women Aren’t C.E.O.s, According to Women Who Almost Were
"It’s not a pipeline problem. It’s about loneliness, competition and deeply rooted barriers." Read more in the NYT .
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Even women who earn overwhelmingly positive performance reviews are told that they have ‘personality flaws,’ a new study finds. The double...
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"Why I don’t talk about race with White people." Read more in Medium .
