Professor Cathy Lesser Mansfield of Drake University Law School reported to NPR news that the housing market slowdown and the rise in home foreclosures are starting to impact the ability of families to pay for other basic needs. Groceries. Clothing. Gasoline. Health care.
1 comment:
It seems to me the real drain on peoples spending money is the 60% they are putting toward housing. One of the bright spots for the economy after the coming foreclosure frenzy is that many homedebtors will have more of their to spend.
Post a Comment