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America faces a US$13t consumer debt hangover as Fed looks to hike rate
Published Wed, Jun 7, 2017 · 09:50 PM
Washington
AFTER bingeing on credit for years on end, US consumers may finally be feeling the hangover.
Americans faced with lacklustre income growth have been financing more of their spending with debt instead. There are early signs that loan burdens are growing unsustainably large for borrowers with lower incomes.
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