Consumers boosted debt by $18.4B in December
Feb. 7, 2018 at 11:44 p.m.
WASHINGTON — American consumers stepped up their borrowing by $18.4 billion in December, a solid performance that came after a massive gain the previous month.
The Federal Reserve said Wednesday that the increase reflected gains of $5.1 billion in the category that covers credit cards and $13.3 billion in the category for auto and student loans.
In recent months, Americans have been increasingly confident and willing to take on more debt.