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Posts Tagged ‘borrowing’

Quick financial fix can be a long-term nightmare (access required)

by Rebecca Tonn Published: August 28,2009

Tags: Banking and Finance, borrowing

Why borrowing from the future doesn’t really help in the here and now Wall Street is cautiously peeking its head out from under the rubble. But economic revival is not yet translating to recovery on Main Street. Concerned about rising debt, some employees are withdrawing money from their retirement accounts, and many have stopped contributing. [...] [...]

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