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2.7%  Q1 GDP    4.57%  avg. 30-year mortgage     9.5%  Unemployment

June 4, 2009

The Washington Post staff share their picks for readings around the Web.

U.S. Household Deleveraging and Future Consumption Growth

Federal Reserve San Francisco | As American consumers deleverage, it will slow economic growth; people will need to consume less and save more. What is the impact likely to be? Two economists at the San Francisco Fed explore the numbers. (pdf)

Brief History of the Credit Card

Time | Here's a history of the credit card, that oh-so-convenient tool that has gotten so many people into debt trouble.

By Sara Goo  |  June 4, 2009; 11:37 AM ET
Categories:  Neil Irwin's Must Reads  
Save & Share:  Send E-mail   Facebook   Twitter   Digg   Yahoo Buzz   Del.icio.us   StumbleUpon   Technorati   Google Buzz   Previous: Treasury Spends Another $135 Million On Low-Cost Housing
Next: Wal-Mart to Hire 22,000 Workers This Year -- What's It Mean?

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