Fortunately, we can say them in this story. Americans have been paying off their credit card debt for the fifth staight month in a row. This goes against what many had predicted: that debt would be rasing because of unemployment.
True, for many that are without a job, unfortunately they are resorting to their charge cards to pay the bills. But overall, more and more Americans are paying down that balance every month rather than adding to it. It looks like the economy finally made some people realize the gravy train isn’t always permanent, and they can’t just keep living on debt to finance their lifestyles forever… so they need to start paying it off.
Let’s hope this trend continues.