U.S. consumer credit rose 4.75 percent on a seasonally adjusted annual basis in November, the Federal Reserve said Wednesday.
Revolving debt -- generally credit-card debt -- rose 0.5 percent, while non-revolving loans, typically mortgages and car loans, rose at an annual rate of 6.5 percent.
Consumer debt climbed to $3.087 trillion, the Fed said.
Non-revolving debt rose to $2.23 trillion, the Fed said. Revolving debt climbed to $856.9 billion.
Copyright 2014 United Press International, Inc. (UPI). Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Most Popular Stories
- Fed Committee Optimistic About Growth Prospects
- Terrific World Cup Ends with Marquee Final in Brazil
- U.S.' No. 2, No. 3 Tobacco Cos in Merger Talks
- Musk Donates to Tesla Museum
- Ex-CalPERS Chief Admits Receiving Bribes
- Freshman Frustrations in Congress
- Samsung Earnings Hit by Slowing China Sales
- Pau Gasol Turns Down Lakers' Offer
- How ESPN Became a $50B Sports Empire
- Crumbs to Be Reopened by Chicago-based Investor, Owner of Dippin' Dots