Sunday, 21 October 2012

Vital Signs Chart: Americans Add to Credit-Card Debt

Vital Signs Chart: Americans Add to Credit-Card Debt


Revolving credit increased in August, suggesting consumers are feeling better about borrowing to spend on bigger purchases. Revolving credit, which includes credit-card debt, rose $4.2 billion, or 5.9%, to $854.91 billion in August from a month earlier. Previously released data showed that retail sales posted their biggest rise in six months in August, while consumer confidence strengthened in September.


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