Consumer Borrowing Rises At Slower Pace In May

Now watching

Next video starts in : 7 Play

Consumer Borrowing Rises At Slower Pace In May

Consumer Borrowing Rises At Slower Pace In May
Replay video
Up next

AirAsia Plane Carrying 162 Lost; 3rd Malaysia Airline Shock

Unlock your personal NFL Now stream by signing in to NFL.com

Consumer Borrowing Rises At Slower Pace In May

by Wochit 0:37 mins

Consumer Borrowing Rises At Slower Pace In May

by Wochit 0:37 mins

Overall credit rose by $19.6 billion in May, down from a gain of $26.1 billion in April, the Federal Reserve said Tuesday. The relatively modest increase should help to feed slow but steady economic growth, because consumers rely on debt to pay tuition, buy cars and shop. That marks a year-over-year rise of 9.3%. Credit card debt rose by a slight $1.8 billion in May, after having surged in April.

Wochit

Community

  1. 3:05

    Community 501 - Season 5: Super Seniors

  2. 2:30

    Community 401 - Season 4: Senior Year

  3. 3:05

    Community 301 - Season 3: Junior Year

  4. 2:56

    Community 201 - Season 2: Sophomore Year

  5. 3:02

    Community 101 - Season 1: Freshman Year

  6. 2:00

    Community Cast Announce the Season 6 Premiere Date