A recent Rasmussen poll shows this one-in-three American adults (33%) now owe less money than they did a year ago. 39% owe about the same amount they did last year, while 26% owe more.
This doesn’t say how much more or less Americans owed, but still is a good sign that there might be some deleveraging of American households despite the weak economy since 2007.
It’s all in the presentation!
I note that the Rasmussen headline writer runs the numbers the other way:
Usually I’m a “glass half empty” kind of guy, but this time I’m more encouraged by the news than Rasmussen is.