GET ME REWRITE: Consumer spending fueled by burgeoning borrowing

 

Top headline:  Bloomberg, 9/30/2026

AI requested image requested from Manus 1.6 Lite

Bottom headline:  Briefs Finance,  11/7/2026

Kalbir Talwar reports for Briefs Finance:

Americans have kept spending brisk even with everyday prices still elevated, helping support growth. The numbers point to heavier credit card use as pay raises lag inflation, and many economists expect spending to cool in the year's final months. [emphasis added]

Elevated borrowing rates are one reason households feel pinched. The 10 year Treasury yield surged in September, mortgage rates moved higher, and Friday's report showed credit card rates climbed in the third quarter.

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2025

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Point/counterpoint:  Paying off credit card debt.  (12/14)

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