In May, consumer credit (AKA DEBT) increased at a seasonally adjusted annual rate of 1.8%. Revolving credit (credit cards) increased at an annual rate of 8.2%, nonrevolving credit (student loans, mortgages) decreased at an annual rate of 0.4 percent.
Total outstanding hit new all time high $4,864.9B
https://www.federalreserve.gov/releases/g19/current/default.htm
https://fred.stlouisfed.org/series/TOTALSL
https://fred.stlouisfed.org/series/REVOLSL
https://fred.stlouisfed.org/series/NONREVNS
Wut mean?
* Total consumer credit increased at an annual rate of 1.8%