The Great Recession seems to have been a wake up call for many Americans. The spend-and-let-spend attitude coming out the tech boom has been replaced by declining loan delinquencies and a comfortability with debt levels.
On Tuesday M&T Bank released the results of a recent study that found that close to 80% of those who took part in a phone survey have little-to-no debt or are “comfortable” with their debt level. Out of the 1,000 who were randomly selected for the survey, only 12% reported having “more debt than is comfortable” and only 8% “have too much debt and have trouble paying bills.”
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