Skip to content
Markets
Economics

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
Updated on

Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.

U.S. consumer borrowing surged in November by the most on record, reflecting outsize increases in credit-card balances and non-revolving loans.