Going Into Debt Goes Out of Style

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Americans have been notoriously free and easy about going into debt to buy things they want. A New York Times/CBS News poll gives a hint that this has changed, though, amid a credit crunch and likely recession. It asked, “How comfortable are you personally with having debt other than a mortgage or car payment?” A majority (53 percent) said they’re “mostly uncomfortable” about this, vs. 39 percent “mostly comfortable.” (The rest declined to answer.)

Of course, wanting to avoid debt and being able to avoid it are two different things.

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