Report: Consumer indebtedness rose $127B in Q3

11/14/2013 | Bloomberg Businessweek

American households took on 1.1% more debt in the third quarter, borrowing more for mortgages, education, cars and credit cards, the Federal Reserve Bank of New York found in a survey. U.S. consumer debt ticked up $127 billion to $11.28 trillion, the biggest jump since the first quarter of 2008. Student loans grew $33 billion, auto loans rose $31 billion and credit-card debt increased $4 billion.

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