Consumer Borrowing Rose in April + Increased $1 Billion

[mEDITate-OR:

wonder if we are doing the Consumption Society thing, again, or not...

Actually, what we appear to be doing is spending wisely, for things we need.

IF we have the money.

But, what we are NOT doing is running up credit card balances !!!

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The strength in April reflected a 7.1 percent rise in nonrevolving credit, the category that includes auto loans. Auto spending has been boosted in recent months by incentives offered by automakers.

Revolving debt, which includes credit card borrowing, plunged 12 percent. That was the 19th consecutive decline in this category.

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Consumer Borrowing Rose in April

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Consumer borrowing increased slightly in April,

http://news.yahoo.com/s/ap/20100607/ap_on_bi_go_ec_fi/us_economy_4

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Consumer Credit in U.S. Increased $1 Billion in April

http://www.businessweek.com/news/2010-06-07/consumer-credit-in-u-s-increased-1-billion-in-april-update2-.html

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