What’s Really Going on with Revolving Consumer Credit?

What’s Really Going on with Revolving Consumer Credit?

Beyond some of the iffy stuff in the headlines today. By Wolf Richter for WOLF STREET. Revolving credit balances in April, not seasonally adjusted – so the actual dollar balances – were $1.04 trillion, according to the Federal Reserve this afternoon. This includes credit card balances, personal loans, etc., and was up by only 2.6% from April 2019. …

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