Consumer Credit Unexpectedly Weak, Especially Revolving Credit Card Debt

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In the above chart, nonrevolving government is not seasonally adjusted, the rest of the numbers are.

The Federal Reserve Consumer Credit Report for August shows seasonally-adjusted  rise in credit of $14.4 billion.

Seasonally Adjusted Consumer Credit Details

  • Total Credit: +14.4 Billion
  • Revolving Credit: +3.0 Billion
  • Nonrevolving Credit: +11.4 Billion

Not Adjusted Consumer Credit Details

  • Total Credit: +40.7 Billion
  • Revolving Credit: +9.5 Billion
  • Nonrevolving Credit: +31.1 Billion
  • Nonrevolving Government: +14.5 Billion

Nonrevolving government credit is a subset of nonrevolving. It includes student debt. Nearly half of the rise in nonrevolving credit was student debt.

mishtalk.com/economics/consumer-credit-unexpectedly-weak-especially-revolving-credit-card-debt

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