First Published Jan 08 2013 09:31 pm • Last Updated May 05 2013 11:32 pm
Consumer debt rises on more car, school loans
U.S. consumers took on more debt in November to buy cars and attend school, but stayed cautious with their credit cards. The Federal Reserve said consumers increased their borrowing by $16 billion from October to a record $2.77 trillion. A category that measures credit card debt rose just $817 million.
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