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.


Next Article: Citigroup Gives Way on China Bank Bid ...

Advertisement