Tag Archive for ‘debt’

Consumer Credit Growth Slows to 30-Month Low

Consumer credit outstanding growth slowed to a 30-month low of 1.8% in May 2023 (SAAR) according to the Federal Reserve’s latest G.19 Consumer Credit report, as revolving and nonrevolving debt grew at 8.2% and -0.4%, respectively. Credit growth for March and April—each of which were initially reported at 5.7%–were revised down to 4.8% and 5.0%, respectively. Total consumer credit outstanding… Read More ›