Health care, education, and housing are what most people are spending their way to high debt for, rather than luxury items like plasma TVs and flame-bedecked speedboats, according to a story running on MSNBC.
The typical family debt rose a pretty non-typical 33.1 per cent between 2001 and 2004 according to a study by the Fed.
You can read more about this story at Basics, Not Luxuries, Blamed for High Debt.
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