American consumers increased their borrowing at a slower
pace in June, as the category that includes auto and student loans posted the
smallest gain in a year.
Still, the June increase brought overall consumer
credit -- not including mortgages or other debt secured by real estate,
including home-equity loans -- to a fresh record of $3.86 trillion.
In addition, the total for the category of "revolving
debt," primarily credit card balances also hit a new record high of $1.027
trillion.
No comments:
Post a Comment