“The U.S. economy may be improving but Americans are still bogged down by massive debt burdens with little or no savings, a study finds.
One out of five families owes more on credit cards, medical bills, student loans and other unsecured debt than they have in savings, according to a new University of Michigan study, USA Today reports.
At the end of 2011, the number of families with no savings rose to 23.4 percent from 18.5 percent in 2009, the study finds….”
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