Welcome back to Stockhouse
Member Sign In

Email or Username:

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

Enter your email address:
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

Get our best content in your email.

You are already a member! Please enter your password to sign in.

US consumer borrowing rises to record $2.75T in October, helped by more credit card debt

Canadian Press, The Canadian Press
0 Comments| December 7, 2012

WASHINGTON - Americans swiped their credit cards more often in October and borrowed more to attend school and buy cars. The increases drove U.S. consumer debt to an all-time high.

The Federal Reserve says consumers increased their borrowing by $14.2 billion in October from September. Total borrowing rose to a record $2.75 trillion.

© The Canadian Press, 2005

Rate this article
0 stars




No comments yet. Be first to comment!

Leave a Message

You must be logged in to access this feature.

Related News