Consumer credit decreased $9.1 billion in May after a revised $14.9 billion decline in April, according to the Federal Reserve. The drop in borrowing indicates consumers are reluctant to take on debt while trouble remains in the labor market. "The trend in consumer deleveraging is clear as credit has declined 11 of the last 13 months," Joseph LaVorgna, chief U.S. economist at Deutsche Bank Securities, wrote in a note to clients. "Credit card debt continues to be paid down at a heady pace." Information on paying down debt and budgeting is available from AICPA's 360 Degrees of Financial Literacy site.