credit usage Archives - Marketplace

Americans’ use of credit is growing, but slowing

by Stephanie Hughes

Feb 8, 2023

In 2022, consumer credit increased 7.8% from the year before. But in December, the growth in borrowing decelerated.

Consumer credit increased 7.8% last year, according to recent Federal Reserve data. But some Americans appear to be getting more cautious about debt.

Scott Olson/Getty Images

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