A debt diet for fit finances - 2004-03-14
We almost gagged on our Post Toasties last month when Federal Reserve Chairman Alan Greenspan told a conference of credit union executives that the financial health of the average American household "seems to be in good shape" despite increasing debt.
Total mortgage and nonmortgage debt payments should not be more than 36 percent of take-home pay, says the Department of Labor's "Savings Fitness, A Guide to Your Money and Your Financial Future."
Read the full story at The Oregonian - Mar