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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  • Retailers Weighed Down the Consumer Discretionary Sector
    With the rising likelihood of a rate hike at the Fed’s December meeting, the finance sector rose on Friday, November 27. The rise in the interest rates will lead to an increased borrowing cost. Also, the profit margin for the lending banks will widen.
    12/1/2015 - 12:55 am | View Link
  • UK consumer credit rose strongly in October, while mortgage approvals edged higher again, says Bank of England
    Lending to consumers rose by £1.2billion last month ... Mr Rollings said there could be a 'winter flurry of buy-to-let borrowing before April's stamp duty shake-up'. He said: 'The big question as we enter the New Year is whether the supply of homes ...
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  • ZyFin's Consumer Outlook Index rose to highest in 2015 in October
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    11/25/2015 - 3:07 am | View Link
  • US consumer borrowing rose $13.8 billion in June
    WASHINGTON (AP) — Americans borrowed more in June to buy cars and attend schools. But they were frugal again with their credit cards, as many remain wary of taking on high-interest debt. Consumers increased their borrowing $13.8 billion in June from May ...
    11/21/2015 - 7:00 pm | View Link
  • Consumer Borrowing in U.S. Rose at Faster Pace in September
    Borrowing by American households rose at a faster pace in September on increased lending for auto purchases and bigger credit-card balances. The $28.9 billion jump in total credit followed a $16 billion gain in the previous month, Federal Reserve figures ...
    11/6/2015 - 7:09 am | View Link
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    Norton Rose Fulbright is a global law firm. We provide the world’s pre-eminent corporations and financial institutions with a full business law service.
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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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  • Household debt
    Household debt is defined as the amount of money that all adults in the household owe financial institutions. It includes consumer debt and mortgage loans.
    11/27/2015 - 4:10 pm | View Website
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