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:
Thousands of Israeli Reservists Report for Duty, as Military Chief Clashes With Ministers
41 minutes ago
Vogue Appoints Chloe Malle to Succeed Anna Wintour as US Editorial Head
44 minutes ago
US Construction Spending Dips in July
50 minutes ago
New Quake of Magnitude 5.5 Shakes Devastated Afghan Region as Death Toll Exceeds 1,400
52 minutes ago
Trump Set to Move Space Command Headquarters to Alabama From Colorado, Sources Say
55 minutes ago
Tulare County Authorities Investigate Porterville Shooting
14 hours ago
Trump’s World Liberty Token Falls in First Day of Trading
14 hours ago
Bessent Expects Supreme Court to Uphold Legality of Trump’s Tariffs but Eyes Plan B
15 hours ago
Clovis Police Make DUI Arrest During Weekend Saturation Patrol
17 minutes ago
Categories

Clovis Police Make DUI Arrest During Weekend Saturation Patrol

US Issues Iran-Related Sanctions on Network of Shipping Companies, Vessels

Wall Street Hits Over One-Week Low on Tariff Uncertainty, Data in Focus

Thousands of Israeli Reservists Report for Duty, as Military Chief Clashes With Ministers

Vogue Appoints Chloe Malle to Succeed Anna Wintour as US Editorial Head

US Construction Spending Dips in July
