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U.S. Consumer Borrowing Has Reached Record Highs

Por: Forbes Business October 08, 2022

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Americans are holding record levels of debt.getty American consumers are more indebted than ever. The just recently released shows that U.S. consumer credit outstanding has reached historic levels; outstanding consumer credit is now at $4.7 trillion. In August, consumer credit increased at a seasonally adjusted annual rate of 8.3 percent. The previous rise in July had been 6.%. Consumer Credit Outstanding, Seasonally adjusted. Billions of... + full article



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