Consumer Borrowing Rose 10.2% In March

Americans are stepping up their borrowing, a possible good sign for the economy as households become less determined to whittle debt and more willing to spend.

Topics:  borrowing   
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BING NEWS:
  • U.S. consumer borrowing increases in July
    Revolving debt, which includes credit cards, rose 7.4 percent to 845.2 billion U.S. dollars in July, while the borrowing in the non-revolving category that includes auto and student loans went up at an annual rate of 10.6 percent to 2.3472 trillion dollars.
    09/9/2014 - 4:26 am | View Link
  • US consumer borrowing jumps 9.7 pct in July
    The Federal Reserve says overall consumer borrowing rose $26 billion in July to $3.24 trillion. The 9.7 percent increase matches April’s gain as the largest in three years. The healthy increase would typically indicate that consumers are shedding some ...
    09/8/2014 - 10:27 am | View Link
  • Consumer Borrowing Accelerated in July as Credit-Card Borrowing Rose
    Consumer borrowing accelerated in July as Americans took on more credit-card debt and other loans. Total outstanding consumer credit, excluding loans secured by real estate like home mortgages, rose at a seasonally adjusted annual rate of 9.7% in July from ...
    09/7/2014 - 6:00 pm | View Link
  • US consumer borrowing likely rose in June, but gains slowed down
    WASHINGTON – The Federal Reserve will report on consumer borrowing in June. The report will be released Thursday at 3 p.m. Eastern time. BORROWING GROWTH SLOWS: The expectation is that consumer borrowing increased by $18 billion in June, according to a ...
    08/7/2014 - 1:05 am | View Link
  • U.S. consumer borrowing rose $17.5 billion in March
    The category that includes auto and student loans rose $16.4 billion while the category that covers credit card borrowing increased $1.1 billion. The overall increase in consumer debt pushed total borrowing to a record $3.14 trillion. Gains in borrowing ...
    05/8/2014 - 1:05 am | View Link
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    Find the latest business news on Wall Street, jobs and the economy, the housing market, personal finance and money investments and much more on ABC News
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  • Student Debt Swells, Federal Loans Now Top a Trillion ...
    Home; Newsroom; Student Debt Swells, Federal Loans Now Top a Trillion; Jul 17 2013 Student Debt Swells, Federal Loans Now Top a Trillion By Rohit Chopra
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