Tag Archive for ‘consumer debt’

Revolving Debt Expands in October

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 ›