BUSINESS
05/06/2011 04:43 pm ET | Updated Jul 06, 2011

‘Squatter Rent' May Help U.S. Spending

Millions of Americans have more money to spend since they fell delinquent on their mortgages amid the worst housing collapse since the Great Depression. They are staying in their homes for free about a year and a half on average, buying time to restructure their finances and providing an unexpected support for consumer spending, which makes up about 70 percent of the economy.

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