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.


21° View Weather Current Conditions Sioux Falls Change Location
Set Weather Options

RADAR LOCATION

TEMPERATURE LOCATION

News

[0] My Saved Articles
Back to all news

Business

Find local businesses
on the KELO Pages!

 

US Consumer Borrowing Up $17.1 Billion In May

July 9, 2012, 2:14 PM

US Consumer Borrowing Up $17.1 Billion In May
WASHINGTON -

Americans stepped up their borrowing in May, helped by the largest monthly gain in credit card debt in more than four years. But overall credit card use is still well below where it was just before the Great Recession began.

The Federal Reserve says consumer borrowing rose $17.1 billion in May from April.

A category that includes credit card debt increase $8 billion. The brought the level for that measure to $870 billion, below the more than $1 trillion in debt that Americans took on before and shortly after the recession began.

Consumers cut back sharply on their credit card borrowing during the recession and have only been posting modest gains over the past year.

Previous Story

Next Story




Sponsored
 

View business

You may also like

Wells Fargo Lays Off Handful Of Workers In Sioux Falls

2/3/2016 2:27 PM

Spokesperson Staci Schiller said nine employees were given a 60-day notice in its home lending department.

Full Story
Out-Of-Court Settlement Reached In Lawsuit Over Wildfire

2/1/2016 7:34 AM

Court documents indicate a federal judge has signed off on a confidential settlement between Black Hills Power and the 87 plaintiffs.

Full Story
IRS Phone Scam Costing KELOLAND Thousands

2/4/2016 3:05 PM

Those aggressive IRS scam calls plaguing KELOLAND have cost South Dakotans tens of thousands of dollars so far.

Full Story
Toppers Pizza To Open On East 10th Street

2/1/2016 4:13 PM

Toppers Pizza is adding a second Sioux Falls location.

Full Story
South Dakotans: Fast Talking And Patient On The Phone

2/4/2016 7:51 AM

South Dakotans are ranked as the eighth fastest talkers in the U.S., behind Iowa at number 5 and Minnesota at number 2.

Full Story


Events