America has lifted the burden of 40 billion debt within the month of June

America has lifted the burden of 40 billion debt within the month of June.

The US Federal Reserve reported that Americans took on $40.1 billion in debt in June.

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After 23.8 billion-dollar in May, the figure reached $ 40.1 billion, a figure much higher than the economists' prior estimate.

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Borrowing in the US grew 10.5% in June.

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Credit cards outstanding within the US increased by about 16%.

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Car loans and student loans included in the US increased by 8.8%.

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According to a report by the Fed, Americans have taken more debt of $ 98.9 billion.

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Another Fed report has come in which has seen an increase of $ 103 billion in non-housing related debt of Americans.

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