Monday, February 19, 2018

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.



Powered By AffectDigitalMedia