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WSJ: More U.S. Consumers Climb Out of Debt

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  • Description

    FBN’s Adam Shapiro on the rise in the number of consumers getting out of debt.

  • Duration 0:51
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On this Christmas morning lots of business news LTV morning and as -- is relevant here and it looks like I have some good news here for Christmas little bit for you more Americans -- -- are getting a better handle on their -- the Wall Street Journal is reporting.

That US households spent just over ten and a half percent of their after tax income.

On debt payments in the third quarter of the year that the lowest level since 1983.

According to the Federal Reserve.

The journal says after borrowing heavily during the housing -- Many families have been paying down their debt and rebuilding savings but some of the the -- deleveraging there.

Wasn't voluntary foreclosures and bankruptcies have played a major role in reducing household debt while tighter lending standards have made.

Fresh borrowing difficult for many people still the debt -- -- focus on -- positive for now.

Also looking at the box office -- hobby it was the top attraction at the box office for the second straight weekend now part one of Peter Jackson's -- glued to The Lord of the Rings trilogy.

Took in 36 point seven million dollars easily beating a rush of top name holiday newcomers.

And that brings the hobby an unexpected journeys domestic total to nearly 150 million dollars after just ten days.

The action thriller Jack -- starring Tom Cruise debuted in second place with a relatively modest fifteen point six million dollars.

This is forty rise of the guardians and Lincoln.

Round out the top five.

Actually think.

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