866-764-TECH(8324) · Subscribe to Application Solution Providers, Inc.News FeedSubscribe to Application Solution Providers, Inc.Comments

Americans Picking Up the Plastic Again

Well, well, well. Could credit card use start to pick up again soon? In January, credit card debt, dropped only 2.3%, after falling a record 18.7% in November 2009. However, such a small drop in January may mean Americans are feeling secure enough to start sounding the familiar refrain of “Charge it!” onsumers still owe $865 billion, or $7,330 per household.

The 12-month decline is still the most since the Federal Reserve began keeping records. The falloff is a result of 22 months of job losses and tightened bank lending standards. (Source: Federal Reserve, G.19 Release, March 5, 2010)

Read more…

Americans Picking Up the Plastic Again originally appeared on About.com US Economy on Tuesday, March 9th, 2010 at 07:21:04.

Permalink | Comment | Email this

Application Solution Providers, Inc. 866-764-8324

Application Solution Providers, Inc. 866-764-8324

Any software can be installed, maintained, and securely accessed from anywhere. Leverage the latest hosting technologies with a Digital Desktop.™ Consolidate and secure all your business applications and data in custom Hosted Environments.™

Your business applications and managed Application Hosting, Desktop Hosting, Web Hosting, Mail Hosting, Software as a Service (SaaS), Virtual Machines (VM), and Virtual Desktop Infrastructure (VDI) saves time and money.

For managed Application Consulting, Development, Marketing, Hosting, Support, and Training
Call 866-764-8324 · Send an email · Submit an Information Request

    Speak Your Mind

    You must be logged in to post a comment.