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Friday, November 22, 2024

Consumer Credit Falls For Ninth Straight Month

Consumer Credit Falls For Ninth Straight Month

By Vince Veneziani, courtesy of Clusterstock

October saw U.S. consumers’ outstanding credit balances fall by 3.25%, the ninth straight month in a row balances have fallen. It seems clear now that Americans have learned that "credit" is not synonymous with "free money."

Below, the report from The Fed:


Fed Consumer Credit Oct 2009

 

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