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US Credit Card Debt Surpasses Financial Crisis Record, As Student And Auto Loans Hit New All Time High

August 8th, 2017
Categories: Past News

Link: http://www.blacklistednews.com/US_Credit_Card_Debt_Surpasses_Financial_Crisis_Record%2C_As_Student_And_Auto_Loans_Hit_New_All_Time_High/60190/0/38/38/Y/M.html

Monthly update from the Federal Reserve confirmed that as of the end of June, total revolving (i.e. credit card) credit rose to $1,021.7 billion, an increase of $4.1 billion on the month, and a new all time high, taking out the previous record high set during the summer of 2008.

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