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Non-Revolving Debt Spikes in Second Quarter

By August 9, 2021Housing
In the second quarter of 2021, non-real estate-secured consumer credit increased at a seasonally adjusted annual rate by 8.8%, with revolving debt1 increasing by 10.7% and nonrevolving debt2 increasing by 8.3%. Consumer credit totaled $4.3 trillion on a seasonally adjusted annual basis, with $992 billion comprised of revolving debt and $3.3 trillion in nonrevolving debt. This outstanding level marks a total increase of… Read More ›