The Federal Reserve said last week that Americans’ outstanding debt hit a record level in November. And judging from anecdotal evidence provided by retailers, December probably had a pretty good follow-through. Revolving credit, which is mostly credit card debt, jumped by $11.2 billion, to $1.023 trillion. That went past the previous record set in April...

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Topics:  federal reserve   americans    november   december   april   debt   credit   record   
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