By SchiffGold
Consumer debt continues to climb and break records every month. But the pace of borrowing slowed in March, a possible red flag for the US economy.
Total consumer debt rose $10.3 billion in March, hitting a record-setting total of $4.05 trillion, according to the latest report by the Federal Reserve.
Through the first quarter of 2019, American indebtedness increased at a 4.25% annual rate. But the March increase came in at just only 3.1% and ranked as the smallest consumer debt increase in nine months.
The consumer debt figures include credit card