Wednesday, September 17th21.7°C
23373
22754

US consumer borrowing rose $17.5 billion in March, biggest increase in 13 months

WASHINGTON - Consumers increased their borrowing in March by the largest amount in more than a year, using their credit cards and taking out more auto and student loans.

The Federal Reserve says consumer borrowing increased $17.5 billion in March, up from a gain of $13 billion in February. It was the biggest monthly increase since a $19.3 billion advance in February 2013.

The category that includes auto and student loans rose $16.4 billion while the category that covers credit card borrowing increased $1.1 billion.

The overall increase in consumer debt pushed total borrowing to a record $3.14 trillion.

Gains in borrowing are seen as an encouraging sign that people are more confident and willing to take on debt.

The Canadian Press


Read more Business News

23438


Recent Trending




Today's Market
S&P TSX15458.88-51.66
S&P CDNX972.51-3.19
DJIA17156.8524.88
Nasdaq4562.189+9.43
S&P 5002001.57+2.59
CDN Dollar0.9075-0.0002
Gold1218.90-17.00
Oil93.86-0.56
Lumber349.00+1.00
Natural Gas4.065-0.012

 
Okanagan Companies
Pacific Safety0.165-0.01
Knighthawk0.01-0.005
QHR Technologies Inc1.25-0.05
Cantex0.06-0.01
Anavex Life Sciences0.2361-0.0139
Metalex Ventures0.060.00
Russel Metals36.37+0.42
Copper Mountain Mining2.73+0.04
Colorado Resources0.17+0.01
ReliaBrand Inc0.027+0.003
Sunrise Resources Ltd0.02-0.005
Mission Ready Services0.29-0.01

 



22970

FEATURED Property
17954275-570 Sarsons Road, Kelowna, BC
3 bedrooms 3 baths
$669,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


Power-save your way to a down payment

Part 1 of 2 Photo: Thinkstock.com1. Move in with your parents or in-laws Explain that you're thinking strategically in moving back home. The quickest way to get into the housing market is to ma...


Price Guarantees

Article written by Linda Bustos Though I’d never recommend “lowest prices” as a unique selling proposition, I notice many retailers use a Price Match Guarantee or even a 110% Guara...


Brangelina and Celebrity vs Philanthropy

This week my wife wrote a blog for our charities website, I thought you may enjoy reading it here: I was planning to write about the incredible philanthropic Miss Angelina when, funnily enough, she ...

_








Member of BC Press Council


22962