Consumer debt falls in Q4 on mortgage balances

NEW YORK (Reuters) - U.S. households continued to shave debt in the fourth quarter as mortgage balances declined, while there were tentative signs Americans are increasingly willing to spend, according to a report released on Monday by the New York Federal Reserve.

Source: http://feeds.reuters.com/~r/reuters/businessNews/~3/XkJTKBSREx0/us-usa-fed-consumer-debt-idUSTRE81Q1NX20120227

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