![U.S. Consumer Debt Up $14.1 Billion in November](http://townsquare.media/site/119/files/2015/01/Fist-of-Cash-630x630.jpg?w=980&q=75)
U.S. Consumer Debt Up $14.1 Billion in November
U.S. consumers increased their borrowing in November, as stronger demand for auto and student loans offset a drop in credit card debt.
The Federal Reserve says that consumer borrowing rose by $14.1 billion following a $16 billion increase in October. The gains have pushed consumer debt excluding real estate loans to a record level of $3.3 trillion.
The category that includes credit card debt fell by $946 million after an increase of $1.48 billion in October. But the decline was outweighed by a $15 billion increase in the category that covers auto and student loans. Borrowing for education and cars has risen rapidly this year.
More From Newstalk KGVO 1290 AM & 98.3 FM
![Update: Who is Running for the Senate and U.S. House in Montana](http://townsquare.media/site/119/files/2023/01/attachment-featured-image-2023-01-17T160807.136.jpg?w=980&q=75)
![Why Are So Many Montana Fast Food Buildings For Sale?](http://townsquare.media/site/14/files/2019/04/GettyImages-1134335291.jpg?w=980&q=75)
![Montana’s Coolest Apartment is For Sale in Butte, Hidden Above Matt’s Place](http://townsquare.media/site/13/files/2022/05/attachment-Matts-Place-Butte-Loopnet.jpg?w=980&q=75)
![Montana Home Flipping: This Hill Condo in Big Sky Sold 5 Times in 4 Years?](http://townsquare.media/site/13/files/2022/05/attachment-Hill-condos-Google-Maps.jpg?w=980&q=75)
![Beautiful 122-Year-Old Montana Church for Sale, Just $250,000](http://townsquare.media/site/124/files/2022/02/attachment-14.jpg?w=980&q=75)
![Missoula has 5th Least Sustainable Credit Card Debt in USA](http://townsquare.media/site/119/files/2021/11/attachment-RS34245_GettyImages-917669706-scr.jpg?w=980&q=75)
![Missoula County Awarded $39,000 for Map Missoula Initiative](http://townsquare.media/site/119/files/2020/03/1e4e946e-d45d-489b-b5b4-4ac236c29ed1-large16x9_MissoulaClimate.jpg?w=980&q=75)
![COVID 19 Could Result in Record Credit Card Debt for Consumers](http://townsquare.media/site/119/files/2020/06/Credit-Card-Thinkstock.jpg?w=980&q=75)
![Montana First in Nation for Least Sustainable Credit Card Debt](http://townsquare.media/site/119/files/2019/08/Credit-Card-Thinkstock.jpg?w=980&q=75)