Consumer Credit Surged In November by $20.4 billion

Moneybox
A blog about business and economics.
Jan. 9 2012 3:07 PM

Consumer Credit Surged In November by $20.4 billion

Huge increase in consumer credit in November, driven by a staggering $14.8 billion in non-revolving (i.e., not credit cards) credit. Some will say this is unsustainable, but I see it as another sign of Recovery Winter.

Matthew Yglesias is the executive editor of Vox and author of The Rent Is Too Damn High.