May 19, 2014

Have Consumers Finally Beat the Recession?

According to recent data from the Federal Reserve, consumer borrowing rose from $13 billion in February to $17.5 billion in March. This increase is the highest reported in one month since borrowing grew by $19.3 billion in February 2013. According to the Federal Reserve, credit card borrowing increased $1.1 billion in March, after a $2.7 billion drop in February. Student...