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More on Consumer Credit: Again revolving debt (credit cards) is flat to down, January's total...

More on Consumer Credit: Again revolving debt (credit cards) is flat to down, January's total coming in at $850.9B vs. $850.8B in December. Nonrevolving debt - student loans, auto loans - rose to $1.944T from $1.928T. The annualized increase in total consumer credit was 7%.
Comments (5)
  • youngman442002
    , contributor
    Comments (5131) | Send Message
     
    Its student loans again..going up up and up...bad bad bad...there are going to be some very disappointed Democratic voters as they are asked to pay back their loans....
    7 Mar 2013, 04:05 PM Reply Like
  • june1234
    , contributor
    Comments (3212) | Send Message
     
    I think they're probably more disappointed in not being able to find jobs to pay back those loans like 1/2 of em have been unable to do in their chosen field the last 4 or 5 years of this recovery
    7 Mar 2013, 05:03 PM Reply Like
  • Rose_Colored_Glasses
    , contributor
    Comments (998) | Send Message
     
    Very sad but true.
    7 Mar 2013, 05:22 PM Reply Like
  • The_Hammer
    , contributor
    Comments (4300) | Send Message
     
    we need to restart the no money down club. homes cars furniture vacations. saving is for losers!
    7 Mar 2013, 05:32 PM Reply Like
  • Michael Clark
    , contributor
    Comments (9744) | Send Message
     
    MORE DEBT is not good news. More debt means we have not learned what caused the 2008 crisis, and we are headed for another even larger collapse. Austerity now; or MORE Austerity later. Which do we want? The way we borrowed money to make our present comfortable, without worrying about who would pay off our debts (the next generations) makes me VERY PESSIMISTIC about us taking responsibility for our sins/mistakes and seeking to sacrifice our comfort for the sake of financial sanity.
    8 Mar 2013, 01:56 AM Reply Like
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