U.S. Consumer Spending Down to $7.94B in November 2008

By Hercules K, BUSINESS 2.0 PRESS
Published: January 10 2009, 1:44 am EST

U.S. consumer borrowing has fallen to a 65 year low. The U.S. Federal Reserve has reported consumer borrowing was $7.94 billion in November 2008, down 3.7% from October. The drop represented the biggest decline in consumer borrowing in 65 years. Borrowing included credit card loans, car loans and other consumer loans.

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Questions about this post? Please contact Hercules K at hercules@business2press.com

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