Consumer Borrowing Rises $5.1 billion
July 08, 2011 at 16:30 PM EDT
Down a bit from April, but the larger question is whether higher gasoline prices led to more borrowing to buy what previously was bought from income. Yes, savings is growing, but that is mainly in the form of reduced and unwanted private sector debt, and not dollars in savings accounts. Consumer Borrowing Rises for Eighth [...]