Americans Run Up More Credit Card Debt | WAMU 88.5 - American University Radio
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Americans Run Up More Credit Card Debt

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The average American had almost $5,000 of credit card debt in the third quarter of 2012, up almost 5 percent over the previous quarter. Industry analysts say the increase is partly seasonal, people spending more ahead of the holidays. But they also say it could reflect growing consumer confidence, which has been on the rise since July as job numbers have gradually improved nationwide.
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