FedUpUSA

Consumer Credit March — Ouch

 

Gaaaaaaak!

Consumer credit increased at an annual rate of 7-3/4 percent in the first quarter. Revolving credit was little changed, while nonrevolving credit increased at an annual rate of 11-1/2 percent. In March, consumer credit increased at an annual rate of 10-1/4 percent.

Uh…. Non-revolving?  Where’d it come from?

Is that what it looks like?

Yep.  Student loans.

Bend over young adults, here it comes again!

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