Consumer borrowing rose $13.8 billion in June

WASHINGTON • Americans borrowed more in June to buy cars and attend schools. But they were frugal again with their credit cards, indicating many remain wary of taking on high-interest debt. Consumers increased their borrowing $13.8 billion in June from May to a seasonally adjusted $2.85 trillion, the Federal Reserve said Wednesday in its monthly report on consumer credit. That’s the highest level ever. The category that includes credit card use dropped $2.7 billion in June. That follows a gain o...

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