The U.S. revolving credit outstanding has been increasing steadily over the past few years, reaching a record high of $1.2 trillion in December 2020. This is likely due to the continued economic expansion and low interest rates, which make borrowing more affordable for consumers and businesses alike. However, with the recent surge in Covid-19 cases and resulting decrease in consumer confidence, it’s possible that this trend will reverse itself in the near future as people tighten their belts and reduce their spending.
h/t Infamous_Sympathy_91
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