More on Consumer Credit: The $19.6B rise in May was the most in a year, bringing the annualized...
More on Consumer Credit: The $19.6B rise in May was the most in a year, bringing the annualized percentage gain up to 8.3%. Previous increases have typically been from nonrevolving debt (auto and student loans), with revolving debt (credit cards) sitting out, but revolving debt accounted for $6.6B of the increase in May. At $856.5B, it's little-changed since a steep post-financial crisis drop. Nonrevolving debt of nearly $2T is about 33% higher than it stood 4 years ago. (full report)
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