User uShare Login | Register
Login
Register

Along with posting photos, videos, and stories, your uShare account lets you post Classified Ads, recipes on What's For Dinner, and Announcements.


17° View Weather Current Conditions Sioux Falls Change Location
Set Weather Options

RADAR LOCATION

TEMPERATURE LOCATION

Share your Photos, Videos, and Stories on uShare! Click here to get started.

KELOLAND.com | Sioux Falls News & Weather, South Dakota News & Weather, Minnesota and Iowa News

[0] My Saved Articles
Find local businesses
on the KELO Pages!

 

Consumer Borrowing Dropped $9.5 Billion In August

October 7, 2011, 2:21 PM

Consumer Borrowing Dropped $9.5 Billion In August
WASHINGTON - Consumers slashed their borrowing in August by the most in 16 months.

The drop suggests many worried about taking on new debt while the economy slumped and the stock market fluctuated wildly.  Fewer people used their credit cards. And a measure of auto and student loan demand fell.

The Federal Reserve says total borrowing dropped by $9.5 billion in August. That follows an increase of $11.9 billion in July. 

Consumer borrowing had risen for 10 straight months before the August decline, which was the largest drop since April 2010 Borrowing for auto and student loans plunged $7.2 billion in August. A category that includes credit cards tumbled $2.3 billion.
.

Previous Story

Next Story


Sponsored
Find Local Businesses on KELO Pages!

You may also like

Semis Crash When Both Don't Fit Under Overpass

2/23/2015 12:32 PM

A semi driver had to be taken to the hospital following a crash on Interstate 90.

Full Story
Two New Members Join The KELOLAND Family

2/23/2015 4:41 PM

The KELOLAND family grew by two over the weekend.

Full Story
3 Teens In Custody After Driving Stolen Vehicle

2/24/2015 11:04 AM

Early Tuesday morning, a Sioux Falls woman reported her 2001 Land Rover Discovery was stolen. A set of keys were left in the vehicle's center cons...

Full Story
Minnesota Man Catches Walleye Whopper

2/27/2015 10:21 AM

Paul Ell of Big Lake, MN snagged a 11.6-pound, 29.5-inch walleye after 6 p.m. Thursday night.

Full Story
Huron Woman Dies In 3-Car Crash Near Pierre

2/21/2015 5:02 PM

A three-vehicle crash left one woman dead and five people hurt Friday.

Full Story


Events