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Tuesday, October 15, 2013

Consumer Debt Hits Record $3.04 Trillion

Consumer borrowing hit a record $3.04 trillion in the second quarter of 2013, a 22% increase over the last three years.

Driving the consumer debt were auto and student loans, which account for $2.19 trillion of the total. Student loans have increased 61% over the last three years.

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1 comment:

Anonymous said...

They've learned well from the gubment.