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.


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 Consumers Cut Credit Card Use For 2nd Month

September 10, 2012, 2:05 PM

US Consumers Cut Credit Card Use For 2nd Month
WASHINGTON -

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




 
Find Local Businesses on KELO Pages!

View business

You may also like

Alco To Close Stores Across South Dakota

11/21/2014 2:03 PM

Several South Dakota cities will soon have one less store.

Full Story
South Dakota Malls Will Open On Thanksgiving

11/21/2014 11:41 AM

Shoppers no longer need to stay up all night to get Black Friday deals.  More stores are opening on Thanksgiving, closing overnight and then reop...

Full Story
Vern Eide Pays It Forward For Thanksgiving

11/22/2014 6:34 PM

Closer to home, families are out buying turkeys as we are less than a week away from Thanksgiving.

Full Story
Sioux Falls Scandinavian Store To Close

11/20/2014 3:30 PM

Holsen Hus, a Scandinavian store on Phillips Avenue in Sioux Falls is closing at the end of the year.

Full Story
New Convenience Store Opens on North Minnesota Avenue

11/21/2014 10:15 AM

The seventh Kum & Go convenience store in Sioux Falls is now open.  The new store at 1400 N. Minnesota Avenue is 5,000 square feet and will b...

Full Story


Events