Americans continue to shore up their finances, as consumer credit outstanding decreased in May...

|By:, SA News Editor

Americans continue to shore up their finances, as consumer credit outstanding decreased in May at a seasonally adjusted annual rate of 4.5%, down $9.1B to $2.4T, more than an expected drop of $3B. The decrease followed a revised $14.9B drop in April that was initially estimated as a $1B increase.