US consumer debt jumped to nearly $4.1 trillion in May

Americans borrowed money at a solid pace in May, a sign that consumers have remained optimistic about the economy despite expectations for growth to cool. 
The Federal Reserve said Monday that consumer credit, which measures outstanding nonmortgage debt, climbed about 5% to $4.1 trillion in May.
A solid pace of credit growth can point to a positive outlook for consumer spending, which accounts for more than two-thirds of economic activity.
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