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Subscriber OnlyMarketsEconomicsConsumer Debt in U.S. Surges by a Record $40 BillionFigure was nearly double that of median estimate in surveyJump shows rise in credit-card balances, non-revolving loansPhotographer: Patrick T. Fallon/BloombergByOlivia Rockeman+FollowJanuary 7, 2022, 8:09 PM UTCUpdated onJanuary 7, 2022, 8:23 PM UTCSign 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.
