Consumer Credit In August [CHARTS]

Consumer Credit In August first appeared on Floating Path.

Total consumer credit outstanding increased in August at a seasonally adjusted annual rate of 5.0%, or by $13.6 billion. Consumer credit totaled $3,247.0 billion during the month.

Revolving credit, which is generally credit cards, decreased at an annual rate of 0.3%, or by $0.2 billion. Total revolving credit outstanding was $880.3 billion.

Nonrevolving credit, or installment credit, which is primarily student and auto loans, increased at an annual rate of 7.0%, or by $13.8 billion. Total nonrevolving credit outstanding was $2,366.7 billion.

Consumer Credit



As noted before, 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.


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