Feb 9, 2019
Consumers are still confident in the economy, if their borrowing is any indication
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. […]
People have been spending more on their credit cards, and some are using buy-now, pay-later services, says Andrew Davidson with Comperemedia.
valentinrussanov
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.
Latest Episodes
View All Shows
4 hours ago25:22
11 hours ago7:09
16 hours ago30:57
16 hours ago12:45
6 days ago28:44
4 months ago24:33