Consumers cut back on credit card use in June

August 13, 2012   // 0 Comments

(Associated Press) Americans cut back on credit card use in June, further evidence that high unemployment and slow growth has made consumers more cautious about spending. Overall consumer borrowing rose because of increases in auto and student loans. The Federal Reserve says total borrowing increased 3% to $2.58 trillion in June from May. That's just below the all-time high reached in July 200...

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