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Feeling Poorer These Days?
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On a positive note, house hold debt also contracted this quarter, the second consecutive quarter. Home mortgage debt didn’t grow at all and consumer credit debt contracted at an annual rate of 3.5 percent. Just the opposite has happened with state and local government debt this quarter, debt has increased at an annual rate of 5 percent last quarter. Anyone see higher state taxes, property taxes and sales taxes in the future? Surprisingly Federal government debt growth slowed down this past quarter to 23 percent, down from the prior two quarters of nearly 40 percent growth. |
Rate Tables       Banking & Finance InformationBest CD RatesCD Calculator CD Rates Mortgage Calculator Mortgage Rates RatesORama.com Savings Account Rates Banking Articles12 Month CD Rates: PenFed Tops Our 1 Year CD Rates List at 1.16% APYCD Rates: 1 Year Bank CD Rates 2012 National CD Rates: Average 2 Year CD Rate at 0.90%, Highest 2 Year CD APY at 1.50% Ally Bank CD Rates – 1 Year Bank CD Rates at 1.19% Staying Ahead the Inflation Rate on Your Investments Deposit Rates Staying Low for the Rest of 2011 Highest National CD Rates: E-Loan Still Tops Our 12 Month CD Rates list at 1.25% Texas CD Rates: Top 12 Month CD Rate 1.25% APY 1.26% Best National 1 Year CD Rates: Highest APY at 1.26% CD Rates May 31: Average CD Rates Continue to Decline |
The Federal Reserve reported that household net worth declined by $1.3 trillion dollars for the quarter ending in March. Total household worth is now at $50.4 trillion dollars at the end of the first quarter of 2009.
