Nonrevolving Debt Surges


The Federal Reserve’s latest G.19 Consumer Credit Report shows rising trends in consumer credit, excluding loans secured by real estate, through August 2019. In August, consumer credit increased at a seasonally adjusted annual rate of 5.3 percent from the previous month, with revolving debt1 decreasing by 2.2% and nonrevolving debt2 increasing by 7.8%. Consumer credit totaled $4.1 trillion on a… Read More ›

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