News & Press: Consumer Debt

Consumer Debt Continues to Climb

Tuesday, June 7, 2016  

In March, consumer credit surged by $29.7 billion — 10 percent on an annual basis — to $3.59 trillion, according to the Federal Reserve. (The measure excludes mortgage debt.) That compares to a 7 percent annual increase for the full year of 2015. Consumer credit was rising at a rate of just 4.2 percent annually in 2011.

Click here to read the full article on Marketplace.