The Highway to Credit Perdition
One may exit with acts of contrition;
One may also backslide
In a shiny new ride,
When a loan is the key to ignition.
The Federal Reserve reported that US consumer debt increased at an annual rate of 2.5% in January. While credit card balances continued to fall, as they have for the last two years, non-revolving consumer loans - especially auto financing - were up sharply.
Tuesday, March 8, 2011
The Expressway's Not The Best Way
Posted by
Dr. Goose
Labels:
consumer spending,
credit cards,
debt,
federal reserve
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— Dr. Goose (@DrGooseEcon) April 6, 2012
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