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The recession was a wake-up call for many American spendthrifts with devil-may-care attitudes toward personal finance. After the pain of this lengthy and severe economic contraction, consumers have learned a few lessons they won’t soon forget. Here are the five take-home lessons from this historic recession.
The national debt of the United States has exceeded 11.6 trillion dollars. It is hard to comprehend that much money. With a little over 306 million people in the United States, it means that each individual’s share comes to more than $38,000.
There are a few surefire ways to tell when you need credit counseling. Once you get these down, you will be able to decide of you are in need of credit counseling.