US consumer borrowing up $18.2B in February - WRBL

US consumer borrowing up $18.2B in February

Posted: Updated:
WASHINGTON -

Americans borrowed more in February to buy cars and attend school, but were more careful with their credit cards.

The Federal Reserve says consumer borrowing rose $18.2 billion in February from January. That's up from a gain of $12.7 billion in the previous month.

The increase brought total borrowing to a seasonally adjusted $2.8 trillion. That's up from $2.78 trillion in January and a new record.

Nearly all of the gains were in a category that covers student and auto loans. That grew by $17.6 billion.

Consumers stayed cautious with their credit card debt. That category increased just $533 million after a gain of $1.7 billion in January. Since the recession, many have been reluctant to run up big credit card bills.

  • On Your SideMore>>

  • Michelle Obama announces jobs website for veterans

    Michelle Obama announces jobs website for veterans

    Thursday, April 24 2014 6:20 PM EDT2014-04-24 22:20:29 GMT
    FORT CAMPBELL, Ky. (AP) - To help veterans leaving the military as it downsizes, the government on Wednesday started a one-stop job-shopping website for them to create resumes, connect with employers and become part of a database for companies to mine.First lady Michelle Obama announced the new Veterans Employment Center at Fort Campbell, Ky., during a special veterans' jobs summit, which comes as the wars in Iraq and Afghanistan wind down. Unemployment among veterans who have served since Se...
    FORT CAMPBELL, Ky. (AP) - To help veterans leaving the military as it downsizes, the government on Wednesday started a one-stop job-shopping website for them to create resumes, connect with employers and become part of a database for companies to mine.First lady Michelle Obama announced the new Veterans Employment Center at Fort Campbell, Ky., during a special veterans' jobs summit, which comes as the wars in Iraq and Afghanistan wind down. Unemployment among veterans who have served since Se...
  • Columbus police investigating Adair Ave. shooting

    Columbus police investigating Adair Ave. shooting

    Thursday, April 24 2014 2:44 PM EDT2014-04-24 18:44:53 GMT
    Columbus police responding to calls of a shooting on Adair Avenue, police confirm.
    Columbus police responding to calls of a shooting on Adair Avenue, police confirm.
  • Alabama state representative arrested in Lee County on perjury charges

    Alabama state representative arrested in Lee County on perjury charges

    Thursday, April 24 2014 1:29 PM EDT2014-04-24 17:29:48 GMT
    Felix Barry Moore, a representative from the 91st District in the Alabama House of Representatives, has been arrested for felony perjury and providing false statements, acting state attorney general W. Van Davis announced.
    Felix Barry Moore, a representative from the 91st District in the Alabama House of Representatives, has been arrested for felony perjury and providing false statements, acting state attorney general W. Van Davis announced.
Powered by WorldNow

1350 13th Avenue
Columbus, GA 31901

Telephone: 706.323.3333
Fax: 706.327.6655
Email: news@wrbl.com

Can't find something?
Powered by WorldNow
All content © Copyright 2000 - 2014 Media General Communications Holdings, LLC. A Media General Company.