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Reply #22: That's certainly the case with the two households featured. [View All]

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Gormy Cuss Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-06-09 12:56 PM
Response to Reply #11
22. That's certainly the case with the two households featured.
Both anecdotes are about dialing back spending more than about increased saving. In fact, the Capps "saved" $500 of their stimulus payment while still carrying $5500 in credit card debt. The only reason that I could guess for that choice is they wanted to have some emergency cash on hand. If that's the case, this family is actually making a smart decision in the current credit crunch.



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