Consumer credit is up, which may mean people are becoming more comfortable taking on debt. Joe Raedle/Getty Images

Are you getting more comfortable with debt?

Marketplace Staff Jun 6, 2016
Consumer credit is up, which may mean people are becoming more comfortable taking on debt. Joe Raedle/Getty Images

New consumer credit numbers may show that Americans are more comfortable with taking on debt than seven years ago, when the recession ended.

Consumer credit jumped 10 percent year-over-year in March, The Wall Street Journal reported Monday. April numbers, out Tuesday, are expected to show another solid increase. Consumer credit, which doesn’t include mortgages, has been rising steadily throughout the recovery. The overall ratio of debt-to-income that American households carry has been rising too — it’s now at about 26 percent — but the home ownership rate is way down.

As the recovery continues, are Americans getting more comfortable with debt, or not? And what are they borrowing for? We want to hear from you. Let us know on Facebook and Twitter whether you’re borrowing more, and what you’re buying. Here’s what some of you have said so far:

 

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