RECESSION NOTES: Recession Notes

Checked Out. Their accounts may be empty, but many consumers write checks anyway during periods of recession and inflation. Their intention often is to try to get to the bank with money before a merchant turns in the check. More consumers are now losing the race. In Dallas County, Texas, bad checks for $200 or less nearly doubled between January 1974 and January of this year. In Atlanta, the amount of debt that never gets collected has increased 20% to 25% in the past six months or so. Most of it is made...

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