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US consumer borrowing up $15.9 billion to record
Saturday, November 8, 2014 10:03
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WASHINGTON (AP) — U.S. consumers increased their borrowing in September with gains in credit card debt and auto and student loans.
The Federal Reserve says overall borrowing rose $15.9 billion following a $14 billion gain in August and a $22.8 billion July increase. The gains have pushed total consumer debt to a record level of $3.27 trillion.
The category that includes credit cards showed a $1.44 billion increase in September after having dropped by $201 million the previous month. The category that covers auto loans and student loans increased $14.48 billion after a $14.23 billion increase in August …. http://cnsnews.com
Source: http://luismmx.blogspot.com/2014/11/us-consumer-borrowing-up-159-billion-to.html
