Americans are once again spending more on credit, increasing their borrowing by $19.6 billion in May, according to the US Federal Reserve.
It is the biggest increase in borrowing in more than a year and reflects renewed confidence among US consumers.
More debt could help increase consumer spending, which accounts for more than 70% of US economic activity.
The total amount of borrowing reached a record $2.84 trillion, with student loans reaching $1 trillion.
Borrowing in the category that includes credit cards was at its highest level since 2010.
Economists say that is significant as credit card debt is often quickly translated into economic activity.
Source: BBC
