(CNN) — Americans got into a lot more debt in February as rampant inflation kept up the pressure, the Federal Reserve's consumer credit report showed Thursday. Debt levels jumped by nearly $42 billion to a total of almost $4.5 trillion. In January, total credit had grown only 2.4%. The Fed's historical consumer credit data goes back to the early 1940s. This story was first published on CNN.com, "US consumer debt jumped by $40 billion in February."

Source: CNN April 07, 2022 21:07 UTC