facebook
twitter
search
search

Consumer debt rose in July

Sept. 9, 2013 at 4:02 PM

WASHINGTON, Sept. 9 (UPI) -- Consumer credit in July rose 4.5 percent on a seasonally adjusted annual basis, as consumer debt climbed to $2.841 trillion, the U.S. Federal Reserve said.

The central bank said revolving credit, mostly made up of credit card debt, fell by an annual rate of 2.5 percent, dropping to $851.6 billion.

Non-revolving debt rose by 7.5 percent to $1.99 trillion, the Fed said. Non-revolving debt includes car loans, student loans and mortgages.

Like Us on Facebook for more stories from UPI.com  
Latest Headlines
Top Stories
U.S. wades deeper into marine energy
Australian troops to receive new rifle variant
Saab joining BAE Systems, Patria in bid to produce armored vehicle
Kurdish government in Iraq selling more oil
Houston-based LINN leaves Texas shale