In February, Americans slashed their credit card debt by 9.7%. This is the largest drop since the Federal Reserve began keeping such records. An increase in unemployment means that many people are using their credit card to pay day-to-day living expenses. However, these families are also having trouble paying the monthly fees, as credit card delinquencies rose in January to nearly 6%.� (Source: CreditCards.com)
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Can You Beat a Bear Market?
Bear markets are tough for even the savviest investors. Keeping a cool head and a clear strategy when markets are down could help you profit over the long term.
