Expanding economy has consumers feeling flush enough to keep borrowing
The Federal Reserve reports that outstanding consumer credit rose by $22 billion dollars in November, after an even bigger rise in October. That puts U.S. consumers on track to increase their total debt on credit cards, student-loans and car-loans by 6-3/4 percent this year. How might that record-high consumer debt impact the U.S. economy? Click the […]
The Federal Reserve reports that outstanding consumer credit rose by $22 billion dollars in November, after an even bigger rise in October. That puts U.S. consumers on track to increase their total debt on credit cards, student-loans and car-loans by 6-3/4 percent this year. How might that record-high consumer debt impact the U.S. economy?
Click the audio player above to hear the full story.
Latest Episodes
View All Shows
4 hours ago26:08
4 hours ago27:42
11 hours ago7:08
16 hours ago11:03
4 days ago56:05
25 days ago32:45