BUSINESS BRIEF
Student, car loans lead rise in U.S. borrowing
1/9/2014WASHINGTON — Led by gains in auto and student loans, Americans increased their borrowing in November.
The Federal Reserve said borrowing increased by $12.3 billion in November to a seasonally adjusted $3.09 trillion. The record level follows an October increase of $17.9 billion.
Almost all of the November growth was from an $11.9 billion rise in borrowing for auto and student loans.