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Consumers more likely to blame others rather than themselves for financial problems

01/18/2010

Since the recession began in December 2007, people have looked in a variety of directions in order to figure out who is responsible, especially when it comes to their own financial problems.

A recent poll from Harris Interactive shows that consumers are more likely to blame Congress and Wall Street for their problems than they are to blame their families or themselves. Of those polled, 61 percent said they don't blame themselves for their money problems.

Meanwhile, the poll showed that 72 percent of respondents place some amount of blame Congress, while 71 percent said the same about Wall Street. Others to get blame are large corporations, at 63 percent, and state governments, which come in at 60 percent.

"Just under half blame the president (47 percent) and local government (47 percent) for their financial situation," a report from Harris said.

Though there may be quite a bit of blame to go around, pointing fingers isn't going to solve people's financial woes. One thing frustrated consumers may consider is a debt consolidation program, which can help people by reducing the number of bills they have to pay.
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