Classic New York Times Headline: Given a Shovel, Americans Dig Deeper Into Debt

I’m convinced that your average American citizen has the financial IQ of a cockroach.  After all, where else in the Western world is the savings rate less than 1 percent (the instinct in the US is to spend rather than save and that’s a problem)!  Read the latest on America‘s financial disaster (consumer debt and the mortgage crisis).

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