Consumers Take on More Debt - Real Time Economics - WSJ
"U.S. consumers’ overall borrowing expanded in November at a quicker pace than the previous month, led by bank loans and student borrowing.The total outstanding dollar amount of credit card, auto and other loans excluding home loans increased from October by a seasonally adjusted $16.05 billion to $2.768 trillion, a Federal Reserve report showed Tuesday.Consumer credit rose at a 7% annualized rate in November, after expanding ...
As this site is now reader-supported via Patreon, the remainder of this article is only available to subscribers at a specific patronage level. Articles at patronage levels BRONZE, SILVER, and GOLD are denoted by the categories in blue capital letters above the post. Posts categorized DAILY are available to both SILVER and GOLD patrons.
Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He has also been a regular economic and financial commentator in print and on television for the past decade. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.