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Morning everyone Americans continue to pay down debt in the first quarter of this year.
The American Bankers Association says a composite ratio that tracks delinquency rates.
For eight long categories fell to one point 7% of all accounts from one point 99% the prior quarter.
That's well below the fifteen year average of 2.3 7%.
The ABA says the improvement comes as household wealth.
Rose above its pre recession peak.
ABA chief economist James chest and says many consumers have learned the hard lessons -- recession and have redouble their efforts to keep debt at manageable levels.
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