Consumer Credit Down For The First Time In A Year As We Try To Pay Off Debts

Consumer Credit Down For The First Time In A Year As We Try To Pay Off Debts

While we were busy focusing on doing something that makes sense given the lessons of the recession and pay off our credit card debt, that has caused a bit of a worry for the economy. Namely, U.S. consumer credit is down for the first time in a year partly because we’ve been trying to reduce credit card debt. [More]