US consumer debt rises $13.2bn
US consumer
Washington - SPA
U.S. consumers increased their borrowing in October, the Federal Reserve (Fed) said Friday, but at a slightly slower pace than in the previous month as credit card use slowed.
The Fed said that overall borrowing grew $13.2 billion after a $15.4 billion gain in September. The gains have pushed consumer debt excluding real estate loans to a record level of $3.28 trillion.
The category that includes credit card debt edged up $922 million after a rise of $1.4 billion in September. The category that covers auto loans and student loans jumped by $12.3 billion following a $14 billion increase in September.
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Dubai-based label ASMARAÏA just launched its pre-fall 2019 collection — and it’s all about cruelty-free, sustainable fashion with a festive edge. Checkmate The 15-piece collection features this checkered skirt-and-jacket ensemble that is giving us major “Clueless” vibes. Gold Rush ‘Tis the season to sparkle and this dazzling, floor-length gold skirt will do the trick. Take note of the chic black bow detail at the waist — it’s the ultimate party look. Feathered fashion The brand works with environmentally-friendly materials such as organic cotton, recycled polyester and faux fur, so you can be sure this feathered look doesn’t come at the cost of an animal’s life. Jewel Tones If you want to glisten like a polished jewel at your next festive function, this emerald-colored skirt is the perfect choice with its sequin details and shimmery overlay. Golden Girl Leopard print
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