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.


41° View Weather Current Conditions Sioux Falls Change Location
Set Weather Options

RADAR LOCATION

TEMPERATURE LOCATION

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
 

You may also like

Four Arrested In Church Vandalism

5/18/2015 1:47 PM

Three Sioux Falls residents face charges after allegedly breaking into a west central Minnesota church.

Full Story
Woman Says Man Drugged Her at Concert, Hopes Story Helps Others

5/19/2015 6:05 PM

It was supposed to be an unforgettable concert, but a woman says she cannot remember it because she believes someone drugged her.

Full Story | Watch
One Killed, Five Hurt In Crash Near Bowdle

5/18/2015 2:07 PM

A Colton man is dead and five other people are hurt following a crash on U.S. Highway 12 near Bowdle on Sunday.

Full Story
Takata Air Bag Recall Becomes Biggest Ever In US

5/20/2015 5:19 AM

Takata's decision to add more than 18 million air bags to existing recalls comes following pressure from U.S. safety regulators.

Full Story
Chicken Doesn’t Recognize Boy After Hair Cut

5/19/2015 12:22 PM

Video of a young boy getting a hug from a chicken is collecting a flock of fans.

Full Story


Events