Share
WASHINGTON — U.S. consumers increased their borrowing in September, helped by the first gain in the category that covers credit cards in seven months.
The Federal Reserve reported that total borrowing rose by $16.2 billion in September, rebounding after a drop of $6.9 billion in August.
The increase included a $3.98 billion increase in the category that includes credit cars, the first advance since February. Credit card use had fallen for six straight months as households cut back on use of credit cards once the pandemic hit and millions of people lost their jobs.
The category that covers auto loans and student loans increased by $12.2 billion in September. This category has been rising steadily since a $6.9 billion drop in April.
RELATED TOPICS:
Trump Says Rudy Giuliani Will Receive Top US Civilian Honor
11 hours ago
Aid Flotilla for Gaza Departs Barcelona After Stormy Weather Turnaround
11 hours ago
Fresno County Garnet Fire Grows to 18,748 Acres in Sierra National Forest
2 days ago
Israel Pounds Gaza City Suburbs, Netanyahu to Convene Security Cabinet
2 days ago
Trump Says He Will Order Voter ID Requirement for Every Vote
2 days ago
Greta Thunberg Joins Flotilla Heading for Gaza With Aid
2 days ago
Chicago Mayor Says Police Will Not Aid Federal Troops or Agents
2 days ago
Post-War Gaza Plan Sees Relocation of Population, ‘Digital Token’ for Palestinian Land: Washington Post
2 days ago
Tulare County Authorities Investigate Porterville Shooting
9 hours ago
Categories

Tulare County Authorities Investigate Porterville Shooting

Trump’s World Liberty Token Falls in First Day of Trading

Bessent Expects Supreme Court to Uphold Legality of Trump’s Tariffs but Eyes Plan B

Trump Says Rudy Giuliani Will Receive Top US Civilian Honor

Aid Flotilla for Gaza Departs Barcelona After Stormy Weather Turnaround

Fresno County Garnet Fire Grows to 18,748 Acres in Sierra National Forest

Israel Pounds Gaza City Suburbs, Netanyahu to Convene Security Cabinet
