Power of Story
Send a Tweet        
- Advertisement -

Consumer Debt Hits $2.52 Trillion in January

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

View Ratings | Rate It


Author 5
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:

At ap.google.com

- Advertisement -
- Advertisement -