US consumer debt surges by the most in over 2 years to $3.8 trillion

[McFurd]

Business Insider - 1/8/2017 - Christopher Rugaber, Associated Press - U.S. consumers in November ran up nearly $28 billion in new debt on their credit cards and in new student, auto and other loans, a sign of growing confidence in the economy. The Federal Reserve said Monday that consumer borrowing grew 8.8 percent, the most in more than two years, to $3.83 trillion. The Fed's monthly consumer credit report does not cover home mortgages or any other loans secured by real estate such as home equity loans. Read more @ http://www.businessinsider.com/consumer ... ber-2018-1