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The volume of consumer loans in the United States increased by $27.8 billion in September, showing the highest growth in almost four years, Bloomberg reports, citing data from the Federal Reserve. The increase in debt was due to a jump of $16.3 billion in credit card balances and an increase of $11.5 billion in non-recurring loans. According to the agency, Americans continue to actively use credit to keep spending levels within inflation.

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The volume of consumer loans in the United States increased by $27.8 billion in September, showing the highest growth in almost four years, Bloomberg reports, citing data from the Federal Reserve. The increase in debt was due to a jump of $16.3 billion in credit card balances and an increase of $11.5 billion in non-recurring loans. According to the agency, Americans continue to actively use credit to keep spending levels within inflation.

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