Consumer debt increased $4.97 billion in February.
It was the smallest increase in consumer debt in eight months, the Federal Reserve reported. The Fed said consumer debt was growing at an annual rate of 11% in February, compared to a 17.2% rate of increase in January, when debt increased by $7.66 billion.
More to Read
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.