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by tempsy 1253 days ago
total revolving consumer credit aka credit card debt is a straight line up

going to hit $1 trillion soon for the first time. seems not great in face of high interest rates.

https://fred.stlouisfed.org/series/CCLACBW027SBOG

1 comments

And that doesn't even include the explosion in Buy Now Pay Later services like Afterpay, which are very much debt but likely don't show up in the report.
But those are generally shorter term loans