Tag Archive for ‘consumer credit’

Student Loans Fuel Expansion of Consumer Credit

Data from the Federal Reserve Board indicates that consumer credit continues to expand. According to the most recent release, the total amount of consumer credit outstanding rose by an annual rate of 5.4% in August to $3.0 trillion. In July, consumer credit rose by 4.1%. The acceleration in consumer credit outstanding partly reflects a higher rate of growth in non-revolving… Read More ›

Soaring Revolving Credit May Not Indicate Strengthening Consumer Demand

The Federal Reserve Board reported that the total amount of consumer credit outstanding grew by a seasonally adjusted annual rate of 8.3% to $2.8 trillion in May, as debt associated with student and car loans, as well as credit card debt rose. In April, consumer credit outstanding rose by 4.6%. The month-over-month increase in consumer credit outstanding reflected acceleration in… Read More ›

Growth in Consumer Credit Accelerates

According to the Federal Reserve Board, growth in the amount of consumer credit outstanding, this includes outstanding credit extended to individuals for household, family, and other personal expenditures, excluding loans secured by real estate, accelerated in April. According to the release, the amount of consumer credit outstanding increased at a seasonally adjusted annual rate of 4.7% in April, 1.1 percentage… Read More ›