Things are worse The only conclusion that can be drawn from the Consumer Distress Index.

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Apparently the economic news is worse now. If people are spending a lot more money on gas and food that takes away from money for everything else including mortgages. 

""The fragile gains made during the past one and a half years have been swept away in a single quarter," "

http://www.thestreet.com/story/11320673/1/only-1-states-consumers-have-stable-financial-health.html?puc=unitedonli&cm_ven=UNITEDONLI

"The mortgage delinquency rate is no longer improving and household budgets are being squeezed by rising gas and food costs."

"Indeed, that mortgage delinquency rate is particularly troubling, rising to 8.27% from 7.08% during the quarter."

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0Yes

November 22 2011 - Lorton
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