Consumer Debt Grew at Fastest Pace in 5 Years in 2021

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Consumer Debt Grew at Fastest Pace in 5 Years in 2021

American consumers ran up more debt in December, wrapping up a year in which consumer debt increase at the fastest pace in five years. This could prove problematic for the Federal Reserve as it contemplates raising interest rates. Consumer borrowing slowed somewhat in December from the torrid pace in November when debt grew by the […]

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