Consumer credit card debt sees biggest jump in a decade
Jan 26, 2012 Ā·
59m 42s
Consumer debt saw its biggest growth in a decade in November, according to new data from the Federal Reserve, as consumers headed into the holidays ready to spend. The report...
show more
Consumer debt saw its biggest growth in a decade in November, according to new data from the Federal Reserve, as consumers headed into the holidays ready to spend.
The report showed an 8.5 percent rise in revolving debt as more consumers pulled out their cards. Revolving debt, which is made up almost entirely of credit card debt. Revolving debt, which is made up almost entirely of credit card debt, rose by more than $5 billion in November to $798.3 billion. That jump was the largest seen since February 2008, in terms of percentages.
Find out more on Credit Talk USA LIVE at ourĀ NEW TIME 11:00AMcst Thursday.. Please join us.
SPONSOR: FX WEB MEDIA
show less
The report showed an 8.5 percent rise in revolving debt as more consumers pulled out their cards. Revolving debt, which is made up almost entirely of credit card debt. Revolving debt, which is made up almost entirely of credit card debt, rose by more than $5 billion in November to $798.3 billion. That jump was the largest seen since February 2008, in terms of percentages.
Find out more on Credit Talk USA LIVE at ourĀ NEW TIME 11:00AMcst Thursday.. Please join us.
SPONSOR: FX WEB MEDIA
Information
| Author | All You Need To Know Radio |
| Website | - |
| Tags |
Copyright 2024 - Spreaker Inc. an iHeartMedia Company
