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Consumers' Total Outstanding Credit Leaps $23.7B in November
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Consumer Spending Slowdown
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Consumers' total outstanding credit increased by $23.7 billion in November, with revolving credit accounting for $19.1 billion and nonrevolving credit at $4.6 billion. The surge in consumer borrowing exceeded economists' forecasts.
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How might this surge in consumer borrowing impact the economy?
What factors contributed to the increase in credit card delinquency rates among millennials and those with auto or student loans?
What measures can be taken to address the risk of consumer discretionary spending?
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