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Consumer Debt in U.S. Surges by a Record $40 Billion

  • Figure was nearly double that of median estimate in survey
  • Jump shows rise in credit-card balances, non-revolving loans
Inside A Wal-Mart Stores Inc. Location Ahead Of Black Friday
Photographer: Patrick T. Fallon/Bloomberg
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U.S. consumer borrowing surged in November by the most on record, reflecting outsize increases in credit-card balances and non-revolving loans.