Consumer Debt is Down, But What’s the Real Cause?

The latest figures from the Federal Reserve show that U.S. consumer debt fell by $11.5 billion (5.6%) in February, with revolving credit down $9.4 billion — the third largest drop during the past 32 years, according to MarketWatch. This sounds like good news, right? People are paying down their debts and not relying on their […]

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