nonProfits work: Credit Picture Different for Rich, Poor Households

2 May 2008

Credit Picture Different for Rich, Poor Households

Credit Picture Different for Rich, Poor Households

Americans have been borrowing aggressively to keep up with the rising cost of living. But with credit tightening for mortgages and credit cards, this may no longer be an option for many poor consumers. An economist says the credit crisis is a story of two different kinds of households.

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