Thursday, February 20, 2014

U.S. consumer debt spikes at rate not seen since just before the Great Recession

Total consumer debt rose 2.1 percent to $11.52 trillion in the fourth quarter of 2013 from $11.28 trillion in the third quarter, the New York Fed said in its quarterly household debt and credit report. The increase, $241 billion, marked the biggest quarterly jump since the third quarter of 2007.

Read more: http://www.dailymail.co.uk/news/article-2563298/U-S-consumer-debt-spikes-rate-not-seen-just-Great-Recession.html#ixzz2trYZwJjk
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