Please ensure Javascript is enabled for purposes of website accessibility
US Consumer Borrowing up $16.2 Billion in September
gvw_ap_news
By Associated Press
Published 4 years ago on
November 7, 2020

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:

DON'T MISS

Religion Has Been in Decline. This Christmas Seems Different.

DON'T MISS

California Limits Junk Fees: New Law Blocks Fines for Declined ATM Withdrawals

DON'T MISS

Research Finds Vaccines Are Not Behind the Rise in Autism. So What Is?

DON'T MISS

New ‘Superman’ Trailer Is Most Watched for Warner Bros., DC Comics Online

DON'T MISS

Elon Musk Is Creating His Own Texas Town. Hundreds Already Live There.

DON'T MISS

Amazon and Starbucks Workers Are Striking. What Does It Mean for Labor Under Trump?

DON'T MISS

CalFire Shares 2024’s Top Images. See Highlights of Intense Wildfire Season.

DON'T MISS

While Sherrod Motors to Boise, Entz’s Bulldogs Add a Coach, Transfers, Recruits

DON'T MISS

California and Texas Duke It Out for Worst State to Raise a Family

DON'T MISS

Musk Slams ‘Wokepedia’ for Biased Editing, Urges Donation Boycott

UP NEXT

Amazon and Starbucks Workers Are Striking. What Does It Mean for Labor Under Trump?

UP NEXT

Musk Slams ‘Wokepedia’ for Biased Editing, Urges Donation Boycott

UP NEXT

What Is Israel’s US Funded Plan for the Middle East?

UP NEXT

Illegal Immigrant Faces Murder Charges in Death of Woman Lit on Fire in NYC Subway

UP NEXT

Bill Clinton Is Hospitalized With a Fever but in Good Spirits, Spokesperson Says

UP NEXT

Cheers! Wine Clubs Are This Year’s Hottest Last Minute Gift

UP NEXT

House Ethics Committee Accuses Gaetz of ‘Regularly’ Paying for Sex With Women, Including Minor

UP NEXT

Jeffrey Sachs Warns of Looming US War With Iran

UP NEXT

A Look at the $100 Billion in Disaster Relief in the Government Spending Bill

UP NEXT

US Deportations Surge to Highest Level in a Decade Before Trump Takes Office

New ‘Superman’ Trailer Is Most Watched for Warner Bros., DC Comics Online

19 hours ago

Elon Musk Is Creating His Own Texas Town. Hundreds Already Live There.

20 hours ago

Amazon and Starbucks Workers Are Striking. What Does It Mean for Labor Under Trump?

20 hours ago

CalFire Shares 2024’s Top Images. See Highlights of Intense Wildfire Season.

2 days ago

While Sherrod Motors to Boise, Entz’s Bulldogs Add a Coach, Transfers, Recruits

2 days ago

California and Texas Duke It Out for Worst State to Raise a Family

2 days ago

Musk Slams ‘Wokepedia’ for Biased Editing, Urges Donation Boycott

2 days ago

Explore the Holiday Magic in California’s Death Valley

2 days ago

Visalia Unlicensed Driver Smashes Into Home. No Injuries Reported.

2 days ago

Penn State’s Schumacher-Cawley Is 1st Female Coach to Win NCAA Volleyball Title

2 days ago

Religion Has Been in Decline. This Christmas Seems Different.

Opinion by Ross Douthat on Dec. 21, 2024. In March, I drove with my family up from Rome into the mountains of southeastern Umbria, to reach ...

16 hours ago

Photo of a Christmas tree in the NORAD Tracks Santa Center at Peterson Air Force Base
16 hours ago

Religion Has Been in Decline. This Christmas Seems Different.

18 hours ago

California Limits Junk Fees: New Law Blocks Fines for Declined ATM Withdrawals

An autistic boy with his mother at home in Texas, Aug. 5, 2023. There is no blood test or brain scan to determine who has autism, and with no singular cause, there is no singular culprit behind autism’s rise. (Callaghan O'Hare/The New York Times)
18 hours ago

Research Finds Vaccines Are Not Behind the Rise in Autism. So What Is?

19 hours ago

New ‘Superman’ Trailer Is Most Watched for Warner Bros., DC Comics Online

The SpaceX starship rocket near the Starbase launchpad in Boca Chica, Texas, Feb. 21, 2024. Employees of SpaceX have filed a formal petition to create the city of Starbase. (Meridith Kohut/The New York Times)
20 hours ago

Elon Musk Is Creating His Own Texas Town. Hundreds Already Live There.

20 hours ago

Amazon and Starbucks Workers Are Striking. What Does It Mean for Labor Under Trump?

2 days ago

CalFire Shares 2024’s Top Images. See Highlights of Intense Wildfire Season.

2 days ago

While Sherrod Motors to Boise, Entz’s Bulldogs Add a Coach, Transfers, Recruits

Help continue the work that gets you the news that matters most.

Search

Send this to a friend