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.

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

Borrowing in the US grew 10.5% in June.

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

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

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

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