ECONOMY
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From Times Staff and Wire Reports
Consumer Debt Rose Sharply in December: The Federal Reserve said Americans’ use of installment credit rose at an adjusted annual rate of 4.1%, to $725.9 billion, in the last month of 1992. Automobile purchases accounted for much of the surge in borrowing. Consumer credit was down 0.3% for all of 1992, after a 1% decline in 1991 and a gain of 2.6% in 1990.
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