News Manufacturing & Economy Consumer Borrowing Rose $19.3 Billion in December
Consumer Borrowing Rose $19.3 Billion in December
Wednesday, 08 February 2012 14:35
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Americans accelerated their borrowing in December for the second straight month, running up more credit card debt and taking out loans to buy cars and attend school.

Consumer borrowing rose by $19.3 billion in December after a $20.4 billion gain in November, the Federal Reserve said Tuesday. The two increases were the biggest monthly gains in a decade.

Source: AP

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