According to the Federal Reserve, credit card debt rose in December for the first time since August 2008. Overall consumer borrowing increased by 3.5 percent, a seasonally adjusted $2.3 billion. Experts suggest the rise in credit card use hints to consumers becoming more comfortable with the state of the economy.
According to the Federal Reserve, credit card debt rose in December for the first time since August 2008. Overall consumer borrowing increased by 3.5 percent, a seasonally adjusted $2.3 billion. Experts suggest the rise in credit card use hints to consumers becoming more comfortable with the state of the economy.
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