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Holiday Debt Hangover for U.S. Consumers

Americans’ credit-card debt rose in November at the second-fastest pace in a decade

Americans’ credit-card debt rose in November at the second-fastest pace in a decade as the holiday-shopping season got into full swing. Revolving credit climbed $11.2 billion, or at a 13.3 percent annualized rate, during the month, according to Federal Reserve data released Monday. The acceleration helped propel total consumer debt, including non-revolving loans such as those for car purchases, by the most in 16 years.

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