Consumers increased debt in September for first time since January - USA Today

Nov 05, 2010

Consumers increased debt in September for first time since January

For the first time since January, U.S. consumers increased their overall debt in September, the Federal Reserve has announced. Economists had expected a decrease.

Consumer credit increased 1% in September after posting a third-quarter decline at an annual rate of 1.5%.

Credit-card debt and other so-called revolving credit continued to fall, however, dropping at an annual rate of 8.75%. But non-revolving credit increased 2.5%. Non-revolving credit includes loans for vehicles, mobile homes, boats, trailers, education and personal uses.

Here are the data.

(Posted by Michael Winter)

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