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U.S. consumer credit posts biggest drop since pandemic as student-loan payments resume

Por: MarketWatch Politics October 07, 2023

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Economists had expected a $12 billion increase, according to a Wall Street Journal forecast. All of the decline was in so-called non-revolving credit such as auto and student loans. Outstanding credit in that category sank by $30.3 billion. Student-loan payments and interest to the government had been suspended since the pandemic, but interest began accumulating again in September after the failure of the Biden administration’s plan to offer... + full article



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