Consumer Credit Increases At Annual Rate Of 9.7% [CHARTS]

Consumer Credit Increases At Annual Rate Of 9.7% In July first appeared on Floating Path

Total consumer credit outstanding increased in July at a seasonally adjusted annual rate of 9.7%, or by $26.0 billion. Consumer credit totaled $3,237.7 billion during the month.

Revolving credit, which is generally credit cards, increased at an annual rate of 10.6%, or by $5.4 billion. Total revolving credit outstanding was $880.5 billion.

Nonrevolving credit, or installment credit, which is primarily student and auto loans, increased at an annual rate of 8.4%, or by $20.6 billion. Total nonrevolving credit outstanding was $2,357.1 billion.

Themes for the next decade: Cannabis, 5G, and EVs

CannabisA lot changes in 10 years, and many changes are expected by the time 2030 rolls around. Some key themes have already emerged, and we expect them to continue to impact investing decisions. At the recent Morningstar conference, several panelists joined a discussion about several major themes for the next decade, including cannabis, 5G and Read More



As noted before, despite the increase this month, revolving credit growth has stagnated since the recession began in 2008.


The chart below shows how the holders of consumer credit outstanding has changed over time.