User uShare 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.

35° View Weather Current Conditions Sioux Falls Change Location
Set Weather Options




[0] My Saved Articles
Back to all news


Find local businesses
on the KELO Pages!


US Consumers Cut Credit Card Use For 2nd Month

September 10, 2012, 2:05 PM

US Consumers Cut Credit Card Use For 2nd Month

Americans cut back on their credit card use in July for the second straight month, suggesting many remain cautious in the face of high unemployment and slow growth.

The Federal Reserve says total borrowing dipped $3.3 billion in July from June to a seasonally adjusted $2.705 trillion. A drop in credit card debt offset a small rise in a measure of auto and student loans.

The Fed also says Americans have borrowed much more than previously estimated after it revised consumer borrowing data back to December 2010. June's figure was increased to $2.708 trillion, or $130 billion higher than initially thought. It's also well above pre-recession borrowing levels.

Consumers have been using credit cards much less since the 2008 credit crisis. But student loans have increased dramatically during that time.

Previous Story

Next Story



View business

You may also like

Sanford To Give Out Double Bonuses

11/18/2015 10:27 AM

It's been a good year for Sanford Health System. So good, in fact, that the company is giving all of its 27,000 full and part-time employees a dou...

Full Story
Avera To Purchase DAKOTACARE

11/19/2015 11:00 AM

With ownership, Avera would become the second-largest health insurer in the state.

Full Story
Board Of Education Member Had Multiple Contracts With State

11/23/2015 6:05 PM

That means in addition to her state salaries at USD and Northern State, Duncan earned an additional $124,000 in contracts from the Department of Educa...

Full Story | Watch
Board Of Education Member Also Has Contract With Dept. Of Ed

11/18/2015 6:00 PM

Duncan was also one of the independent evaluators for the GEAR UP program. She did that work for the University of South Dakota.

Full Story | Watch
Black Friday Shopping Starting on Thanksgiving

11/21/2015 5:43 PM

As more stores announce their Black Friday hours, the times are getting earlier and could even cut into your Thanksgiving meal.

Full Story