I think everyone should collectively pat themselves on the back. All it took to start reigning in the debt was a massive financial collapse. Hopefully this trend will continue.
http://money.cnn.com/2008/12/11/news/economy/flow_of_funds/index.htm?postversion=2008121114
Anyway, check out the article. It’s interesting. I wonder if people are willfully changing their habits, or whether it’s just a lack of available credit……