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US consumer borrowing up strong $16.6 billion in July

  • Writer: AIM Team
    AIM Team
  • Sep 11, 2018
  • 1 min read

Americans increased their borrowing to nearly double the pace of the previous month. This indicates that customers are more willing to take on debt.

Consumer debt rose by a seasonally adjusted $16.6 billion in July, up sharply from a gain of $8.5 billion in June.

 
 
 

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