December 23, 2024

U.S. credit-card debt declines for second time in past three months, signaling plateau in borrowing

 U.S. credit-card debt declines for second time in past three months, signaling plateau in borrowing

U.S. credit-card debt declines for second time in past three months, signaling plateau in borrowing

Consumer credit rose $8.9 billion in August, after surging a revised $26.6 billion in July, the Federal Reserve said Monday.