Europe EditionConsumer Debt Surges In April As Student Debt Soars
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America First Report
Uncanceled NewsConsumer Debt Surges in April as Student Debt Soars
(Zero Hedge)—At a time when conventional media “wisdom” claims that US consumers are panicking ahead of a looming recession and aggressively reducing their spending, moments ago we got the latest consumer credit data from the Fed which confirmed none of that. In fact, one month after consumer credit came in line with expectations, the latest update of the Fed’s G 98 statement showed that in April, consumer credit growth more than doubled, from a…
Consumer Debt Surges In April As Student Debt Soars - Nemos News Network
At a time when conventional media “wisdom” claims that US consumers are panicking ahead of a looming recession and aggressively reducing their spending, moments ago we got the latest consumer credit data from the Fed which confirmed none of that. In fact, one month after consumer credit came in line with expectations, the latest update of the Fed’s G 98 statement showed that in April, consumer credit growth more than doubled, from a revised $8.6…
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