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February 7, 2014
Fed: Steep Increase in Consumer Debt in 3Q 2013
Americans are back to borrowing at a near-record pace. The government recently announced that consumer debt rose 1.1 percent to $11.28 trillion in the third quarter of 2013, the highest such increase since the first quarter of 2008 and close to the all-time record high, set just before the housing collapse in the third quarter...
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