Borrowing Again, but Less on Credit Cards
For more: http://nyti.ms/hZuVMD
AMERICAN consumers are borrowing again, but many are still reluctant to run up credit card debts. The Federal Reserve Board reported this week that the amount of outstanding nonrevolving consumer debt — term loans to pay for things like cars, education or vacations — rose $9.3 billion in January to a record $1.617 trillion.