For the first time in four years, American consumers in June did not increase their debt burden.
Consumer debt outstanding was unchanged at a seasonally adjusted $1.22 trillion, the Federal Reserve said Thursday, following increases at annual rates of 2.5 percent in May and 8.9 percent in April.
Debt outstanding has grown each month since May 1993.
Credit-card debt in June grew at an annual rate of 5.8 percent, while auto loans outstanding fell at an annual rate of 0.2 percent.
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