For U.S. Consumers, Borrowing Is a Good Idea Again

Households have drastically cut costs and can handle debt
Photograph by Andrew Harrer/Bloomberg

Gabriela Magallanes, 23, a hospital research assistant in Raleigh, N.C., bought a black 2013 Hyundai Elantra in May after her 24-year-old car broke down. She tapped the auto manufacturer’s finance subsidiary for a 60-month loan at 2.9 percent, with monthly payments of $337. “I definitely could not have gotten a better rate,” says Magallanes. “I felt very secure I could make my payments.”

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