The Federal Reserve has shared the statistics on consumer spending for the month of November. According to the report, student and auto loans were sharply on the rise as credit card debt fell. DailyFinance.com shares the report, and discusses the stats.
The latest figures suggest that an improving economy and strong employment gains over the past year may be making consumers more comfortable with ramping up their borrowing.
To read more statistics, and the full DailyFinance report, click here.
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