Consumer borrowing saw an increase of almost $20 billion in May. That rise, however, is significantly less than the month prior. Much of the increase came from auto and student loans. People usually take out loans when they feel good about the economy. That willingness to take on debt helps to drive consumer spending which accounts for 70 percent of economic activity. Right now, the total outstanding consumer debt is approaching $3.2 trillion.
Could your smartphone help you do a better job brushing your teeth? The folks at Oral-B think so. Its new electric toothbrush uses Bluetooth technology to connect to a phone app. That app keeps track of where you brush and for how long. Want to try it out on your pearly whites? Well, the Oral-B SmartSeriestoothbrush goes on sale this Fall.