The above chart shows the growth in consumer credit in the U.S. over the past 40 years. The chart breaks out the data for revolving and non-revolving credit. Note that revolving credit is basically credit card debt, and non-revolving credit is debt from things like autos, boats, student loans. Consumer credit does not include mortgage debt.
Check back tomorrow to see a historical view of U.S. credit card debt on a per household basis.
Data Source:
U.S. Federal Reserve. G.19
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