Planet Money
Originally published on Thu June 7, 2012 4:54 pm
Unemployment is still dangerously high. But things are looking up for both households and companies.
On today's Planet Money, economist Mark Zandi says households have been steadily reducing their debt over the past few years.
The number of credit cards outstanding, bank cards, retail store cards, peaked at almost 600 million back in August of 2008. As of the end of May, we are down to less than 500 million.
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