2026-02-09 15:13:13

BREAKING: Total consumer credit skyrocketed +$24 billion in December, reaching a record $5.11 trillion.

This is the largest monthly increase of 2025 and the biggest since 2023.
Revolving credit, including credit cards, increased +$13.8 billion to $1.33 trillion, the highest since November 2022.
This is also the largest monthly increase since 2023.
Non-revolving credit, mainly auto loans and student loans, surged +$10.2 billion to a record $3.78 trillion.
Meanwhile, the average credit card interest rate remains high at 22.2%, close to the all-time high of 23.4%, despite the Federal Reserve (Fed) cutting interest rates by 175 basis points since September 2024.
Americans are "dealing with" rising prices by borrowing more.

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