BREAKING: Total consumer credit surged +$18.1 billion in July, to a record $5.19 trillion. This follows +$14.6 billion in June and marks the 13th consecutive monthly increase. Revolving credit, which includes credit cards, jumped +$2.8 billion, to a record $1.36 trillion. Non
Why now
Thesis: Record consumer credit supports spending but raises default risk
Catalyst to watch: Delinquency data or rate moves
Main risk: High rates could strain borrowers
Why it matters
Record consumer credit with rising revolving balances supports spending but raises default risk if rates stay high.
Details
BREAKING: Total consumer credit surged +$18.1 billion in July, to a record $5.19 trillion. This follows +$14.6 billion in June and marks the 13th consecutive monthly increase. Revolving credit, which includes credit cards, jumped +$2.8 billion, to a record $1.36 trillion. Non-revolving credit, covering auto and student loans, rose +$15.3 billion, to $3.83 trillion, an all-time high. This also marks the biggest monthly increase since March 2025. US consumers are "fighting" inflation with more debt.
Related assets & topics
InflationConsumerCreditBanksSources
- x · 2026-09-20 17:29 UTC