It seems like common sense: Don't take on more debt to pay off your bills. Yet debt-laden consumers routinely do just that, even as they criticize the federal government for efforts to raise the debt ceiling.
"It's time to look in the mirror and think about modeling the kind of behavior we want from our country," says Eleanor Blayney, [CFP®,] consumer advocate for the nonprofit Certified Financial Planner Board of Standards. "Our government's situation reflects where we are individually." Read more >
Associated Press / CNBC
July 13, 2011