Are we getting smart or what? No longer adding to our debt, but actually paying it down?
The Federal Reserve report on consumer credit showed that the amount of debt on credit cards dropped 6.8 percent in March, after falling 12.1 percent in February.
Menwhiile, a survey from Mintel, a market research firm, said more than two in five adults say they're using debit cards more offten and credit cards less. They're spending money they actually have..
I think spending is beginning to come back, but I hope it will do so slowly, on a more solid foundation than borrowing.