9/19/23 – Credit Card Usage Jumps as Consumers in July Add $10.4 Billion in Debt
- September 19 2023
- By: info@njcfe.org
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Credit Card Usage Jumps as Consumers in July Add $10.4 Billion in Debt
September 11, 2023 | investopedia.com
Total consumer credit increased $10.4 billion, which includes an increase of $773 million for non-revolving credit, like auto and school loans, bringing total U.S. outstanding consumer credit to $4.98 trillion. Of that, $1.27 trillion is in revolving credit, which includes credit cards, home equity lines of credit, and other lines of credit.
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