Consumer Debt Hits $2.52 Trillion in January

Quicklink submitted by Amanda Lang     Permalink
Related Topic(s): ; ; ; ; ; ; ; ; , Add Tags

View Ratings | Rate It

Become a Fan
  (9 fans)


Consumers increased their borrowing in Jan., especially relying on credit cards to finance their purchases. The Fed reported Fri. that consumer credit increased at an annual rate of 3.3% in January. That was up from a 1.8% growth rate in Dec. and marked the fastest pace since Nov. The pickup in Jan. pushed up total consumer debt by $6.9 billion to $2.52 trillion.

Read the rest of the story HERE:


- Advertisement -
- Advertisement -



The time limit for entering new comments on this Quicklink has expired.

This limit can be removed. Our paid membership program is designed to give you many benefits, such as removing this time limit. To learn more, please click here.

Comments: Expand   Shrink   Hide  
No comments