Consumer credit decreased at an annual rate of 3-3/4 percent in August.The slowdown suggests financial stress on U.S. households. Borrowing tends to slow with softer spending in a weakened economy.
Revolving credit decreased at an annual rate of 3/4 percent,
and nonrevolving credit decreased at an annual rate of 5-1/2 percent.
http://www.federalreserve.gov/releases/g19/Current/
Revolving debt: credit-card financing
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