Sunday, November 7, 2010

Student Loans and Car Loans Spur Consumer Lending

Student loans and new car loans spur consumer spending increase in September. The largest increase in consumer borrowing in over two years highlighted a report issued today by the Federal Reserve.

In the report, the month of September saw an increase in consumer borrowing of $2.1 billion, a number that contradicted analyst estimates of a $3 billion decrease.

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