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People Piling On Debt

People Piling On Debt

Credit numbers climbed higher in June.


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The Federal Reserve says consumers were piling
on debt in June at the fastest pace in seven months. The Fed's
report shows consumer credit increased at a brisk annual rate of
6.7 percent in June, compared with 3.8 percent in May. That's a 14
billion-dollar increase in June, to 2.59 trillion dollars.

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