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CFP Board in the News

Like the U.S., Consumers also 'Addicted to Debt'

Jul 26, 2011

According to Federal Reserve data, total household debt in this nation at the end of 2010 amounted to about $13.4 trillion, which means consumers owe almost as much as the federal government.

"The conclusion to be drawn is that the government, as well as the U.S. population, is addicted to debt," said Eleanor Blayney[, CFP®], a consumer advocate for the Certified Financial Planner Board of Standards in Washington, D.C. Read more >

Pittsburgh Post-Gazette
Tim Grant
July 26, 2011

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