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The Credit Crunch
My America 2008
This week, in the third installment of our 26-part series My America 2008, we explore the causes and consequences of consumer debt. Filmmaker and Author James Scurlock shares clips from his profound documentary, Maxed Out, which addresses the potentially fatal consequences of poorly managed debt. Ben Woolsey, Director of Marketing and Consumer Research for Creditcards.com, discusses the psychology behind the financial taboo in America and asserts that the accessibility and convenience of credit cards are only helping to dig a deeper hole one swipe at a time.
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