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IPFS News Link • Economy - Economics USA

US Credit Card Debt Surpasses Financial Crisis Record, As Student And Auto Loans ...

• by Tyler Durden

 Well, moments ago the monthly update from the Federal Reserve confirmed that as of the end of June, total revolving (i.e. credit card) credit rose to $1,021.7 billion, an increase of $4.1 billion on the month, and a new all time high, taking out the previous record high set during the summer of 2008.