Consumers are still confident in the economy, if their borrowing is any indication

Ben Bradford Feb 8, 2019
HTML EMBED:
COPY
Cheerful young women using credit card for payment in bar.  valentinrussanov

Consumers are still confident in the economy, if their borrowing is any indication

Ben Bradford Feb 8, 2019
Cheerful young women using credit card for payment in bar.  valentinrussanov
HTML EMBED:
COPY

A turbulent stock market, rising interest rates and the government shutdown didn’t do much to curb borrowing. Americans continued putting more money on their credit cards and taking out more loans for school and autos in December. Consumer credit grew 5 percent, up $17 billion, according to the latest monthly report from the Federal Reserve.

Click the audio player above to hear the full story.

There’s a lot happening in the world.  Through it all, Marketplace is here for you. 

You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible. 

Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.