Consumers are still confident in the economy, if their borrowing is any indication
Consumers are still confident in the economy, if their borrowing is any indication
A turbulent stock market, rising interest rates and the government shutdown didn’t do much to curb borrowing. Americans continued putting more money on their credit cards and taking out more loans for school and autos in December. Consumer credit grew 5 percent, up $17 billion, according to the latest monthly report from the Federal Reserve.
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