Federal Reserve data reported this week showed that consumer debt continues to fall.

The Federal Reserve Consumer Credit report showed that credit card debt fell in October, which is  the 13th consecutive month. Revolving credit, the majority of which is credit card debt, went down at an annual rate of 9.3% over the month. It has dipped $88 billion since October of 2008, or to $888.1 billion from $976.1 billion.

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