The Federal Reserve’s latest G.19 Consumer Credit Report shows rising trends in consumer credit, excluding loans secured by real estate, through October 2019. In October, consumer credit increased at a seasonally adjusted annual rate of 5.5 percent from the previous month, with revolving debt1 increasing by 8.8 percent and nonrevolving debt2 increasing by 4.3 percent. Consumer credit totaled $4.2 trillion… Read More ›
Tag Archive for ‘consumer debt’
Consumer-held Housing Debt Shrinks in the Second Quarter
Data released by the Federal Reserve Bank of New York indicates that aggregate consumer debt fell by 0.2%, $18 billion, between the first and second quarter of 2014. Overall, consumer debt still remains 8.2% below the peak of $12.7 trillion reached in the third quarter of 2008. As Figure 1 illustrates, housing-related debt accounted for the decline in total household… Read More ›