By Neil Shah
Americans ramped up their credit-card use in October. Revolving credit, which
includes credit-card debt, rose a seasonally adjusted $3.4 billion, or 4.7% at
an annualized rate, from September to $857.6 billion, the highest level since
May. Overall consumer borrowing rose an annualized 6.2% in October to $2.75
trillion. That suggests consumers are growing more willing to borrow for
big-ticket items.
No comments:
Post a Comment