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August Consumer Credit rises $18.1B vs. expectations of $7.25B, prior -$2.45B (revised from...

August Consumer Credit rises $18.1B vs. expectations of $7.25B, prior -$2.45B (revised from -$3.3). Revolving loans up $4.3B, non-revolving (student loans) up $13.9. On percentage terms outstanding credit rose 8% in August - revolving +5.9%, non-revolving +9%.
Comments (8)
  • Russ Winter
    , contributor
    Comments (663) | Send Message
     
    Crazy behavior, up 13.9 bn on student loans. Now we know where the device money comes from. Hangover next?
    5 Oct 2012, 03:24 PM Reply Like
  • SA Editor Stephen Alpher
    , contributor
    Comments (546) | Send Message
     
    I'm assuming a lot of student loans get disbursed in August.
    5 Oct 2012, 03:27 PM Reply Like
  • mickmars
    , contributor
    Comments (1323) | Send Message
     
    $13.9 billion borrowed by kids to improve their chances of getting good jobs that don't exist.
    5 Oct 2012, 04:16 PM Reply Like
  • daro
    , contributor
    Comments (1607) | Send Message
     
    they call you an optimist.
    5 Oct 2012, 04:57 PM Reply Like
  • azblackbird
    , contributor
    Comments (358) | Send Message
     
    Screw borrowing... I'm waiting for my free Obama money.
    5 Oct 2012, 04:59 PM Reply Like
  • winningtrader
    , contributor
    Comments (2476) | Send Message
     
    and you deserve it too ... you are clever :). all these fools that borrow and then get stressed about paying back. they don't pay back anyway but it can be stressful.
    5 Oct 2012, 06:25 PM Reply Like
  • The_Hammer
    , contributor
    Comments (4065) | Send Message
     
    Got get the debt binge going again. Come'on Man!

     

    Total debts are still growing. Mainly Federal govt but car loans and student loans are booming too. whew!
    6 Oct 2012, 05:30 PM Reply Like
  • Interesting Times
    , contributor
    Comments (11574) | Send Message
     
    Why not? If you are going bankrupt anyway add as much as you can !!

     

    Plus when the dollar is depreciating daily this will be pennies one day, unless we have no currency left.

     

    My kid is out of school 2 years with a teaching Degree. Best she can be is a full time substitute teacher with, of course , no benefits.
    7 Oct 2012, 01:18 AM Reply Like
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