Posts from August 08, 2008

Ed Kountz | August 08, 2008, 09:48 AM
Fed Data - Strong Growth in Credit Card Borrowings Continue
US consumers who received one of the 105 million-plus economic stimulus checks mailed through mid-July apparently aren’t using those funds to pay down debt. The Federal Reserve’s latest G.19 report, released this week, indicates that revolving credit (mainly credit card debt) increased at an annualized 6.8 percent rate during the...( more )