Americans Are Racking Up Debt Again. Be Scared?

Americans Are Racking Up Debt Again. Be Scared?

Americans piled on debt at the end of last year, in the surest sign yet that the great belt-tightening prompted by the Great Recession has reached a turning point. U.S. household debt grew by $241 billion, or 2.1 percent, in the last three months of 2013, as consumers borrowed more to buy homes and cars, added to their credit card balances and took out loans to pay for college.

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