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There’s no doubt about it: The economic recession that’s raging across the United States courtesy of an absurd number of layoffs, massive quantities of homeowners defaulting on their mortgages, an inflation rate that far overpowers current adjustments to incomes and the resulting decrease in consumer spending has hit everyone hard. As Americans struggle to pay their bills and put enough away to ensure their retirement, companies from coast to coast are taking a major hit in profits. Somehow purchasing a new Ferrari just doesn’t look as appealing when you consider the impact that expense is going to have on your retirement account.
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