According the Federal Reserve, consumer credit card balances went up 13% in November 2017, an increase of $11.2 billion. The jump now puts credit card debt at an all-time high of $1.023 trillion.

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Total consumer credit outstanding expanded at an annual rate of 6.4% for February to hit .13 trillion, according to a Federal Reserve Consumer Credit report (link opens a PDF) released today.

Household debt hits $13.6 trillion as student loan and credit card delinquencies rise. "We are not yet seeing signs of an inflection point in consumer credit cycle in the issuer performance.

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"There’s a risk there to the U.S. consumer engine." Mortgage balance growth flattened in the fourth quarter to the lowest level in nearly four years, remaining essentially unchanged at around $9.1.

Nonrevolving credit — which includes auto and student loans — decreased by $400 million, or 0.3%, to $1.59 trillion. Last August, consumer credit contracted for the first time since January 1998.

Whistling Past The $246+ Trillion Graveyard "According to the latest IIF Global Debt Monitor released today, debt around the globe hit $246 trillion in Q1 2019, rising by $3 trillion in the quarter, and outpacing the rate of growth of the global economy as total debt/GDP rose to 320%.

After a few months of wild swings, in December US consumer credit normalized rising by $16.6 billion, just below the $17 billion expected, after November’s whopping $22.5 billion. The surge in borrowing in November brought the total to just above $4 trillion for the first time ever on the back of a America’s ongoing love affair with auto and student loans.

Consumer revolving debt, which is mostly card balances, rose by $11.2 billion on a seasonally adjusted basis to $1.022 trillion, per the Federal Reserve’s G.19 consumer credit report. The annualized growth rate was 13.3 percent. The revolving debt level passed the record high set in April 2008, when it reached $1.02 trillion.

Policymakers are trying to deepen the level of access to credit similar to what took place in. but things are changing fast. Consumer borrowing hit nearly 20 trillion yuan in February, a threefold.

Consumer Credit Storms Above $4 Trillion, As Credit Card debt hits record high.. 569 trillion in student loans outstanding, an impressive increase of $10.3 billion in the quarter, while auto debt also hit a new all time high of $1.155 trillion, an increase of $9.5 billion in the quarter..

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