Thursday, November 23, 2006

Happy Thanksgiving

From the New York Times:
The day after Thanksgiving traditionally kicks off the Christmas shopping season. With that in mind, Kiplinger’s points out that 46 percent of American householders carried a credit card balance in 2004. The average balance: $12,338.
Elsewhere the magazine writes: “In a worldwide survey, 22 percent of U.S. consumers said they have no money left after paying basic living expenses. Only Portugal had more cash-poor respondents with 23 percent.” Conceivably, the situation could be worse.

No further comment necessary. Happy Thanksgiving!