…the form of student loans, auto loans, and credit card debt. As consumer spending has outpaced personal income, savings rates have been declining and consumer debt has increased. Previously, consumer…
…first uptick in the YoY rate in five quarters. Student and Auto Loans Breaking down the components of nonrevolving debt, student loans account for 47%, and auto loans make up…
…the nonrevolving share is 73.47%, with revolving at 26.53%. Nonrevolving debt, primarily made up of student and auto loans, stands at $3.71 trillion (SA) for the first quarter of 2024….
…This consecutive decrement is shown in the graph below illustrated by both the levels and year–over–year rates. Contrastingly, auto loans continue to increase, and have surged to a level…
…has slowly risen to its highest level since December 2014. Credit Card and Auto Loan Terms Every three months, the G.19 report includes average interest rates on credit card plans…
…increase of 30,000 in motor vehicles and parts as workers returned from the auto strikes. Employment in retail trade declined. Employment in the overall construction sector increased by 2,000 in…
…debt, respectively. Revolving consumer credit outstanding as a share of the total increased 0.5 percentage point over the quarter and is the highest since Q1 2019. Auto and Student Loan…
