Skip to comments.Consumer Credit Rises $14.2 Billion in October - Federal Consumer Credit Up $6.9 Billion
Posted on 12/07/2012 1:35:56 PM PST by whitedog57
The Federal Reserve announced today that consumer credit rose $14.2 billion in October.
The Federal government (aka, student loans) accounted for $6.9 billion of the increase. Quite an increase since January 2009!
Overall, here is the revolving credit versus the non-revolving credit growth. Non revolving credit (auto loans and student loans) has boomed when revolving credit is relatively flat.
Merry Christmas and Happy Holidays
with your auto and student loans! Remember, you start paying soon graduates!!
(Excerpt) Read more at confoundedinterest.wordpress.com ...
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