Contact Us

Credit Availability Is Up, but Credit Usage Is Down — Dollars and Sense

credit card
Comstock

The American family is becoming a cash-only business.

The latest statistics indicates that while there has been a substantial increase in the amount of available consumer credit, people are simply not utilizing the convenience of credit cards to make their purchases. The Federal Reserve reports that credit card spending took a $3 billion dive between August and September, which is the third time those numbers have fallen in the last four months. It is likely an attempt by consumers to get their debt and credit spending under control following the financial crisis of several years ago and the slow recovery which has followed.

Financial experts say that Americans are not spending less, they are just opting to make their purchases using cash and debit cards rather than rely on credit. However, the Federal Reserve says that Americans are still putting themselves neck deep in debt with student and auto loans.

[ABC News]

More From News Radio 1310 KLIX

Best of the Web

It appears that you already have an account created within our VIP network of sites on . To keep your points and personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your points, prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account with your Facebook account, just click on the account activation button below. You will maintain your existing profile and VIP program points. After you do this, you will be able to always log in to http://newsradio1310.com using your Facebook account.

*Please note that your points, prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

Register on News Radio 1310 KLIX quickly by logging in with your Facebook account. It's just as secure, and no password to remember!

Not a Member? Sign Up Here.

Register on News Radio 1310 KLIX quickly by logging in with your Facebook account. It's just as secure, and no password to remember!