finance
U.S. consumer credit rose $25 billion in March to record $5.14 trillion
Total consumer credit increased by $25 billion in March, reaching a new high of $5.14 trillion. Revolving credit rose $10 billion and non-revolving credit rose $15 billion.
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Total consumer credit in the United States rose $25 billion in March to a record $5.14 trillion, according to @KobeissiLetter. Revolving credit, which includes credit cards, increased $10 billion to $1.34 trillion. Non-revolving credit, mainly auto and student loans, rose $15 billion to a record $3.80 trillion. Revolving credit reached its highest level since November 2024.
Longer-term trend Total consumer credit has now increased by $1.05 trillion since the 2020 pandemic. The data show continued growth in household borrowing across both revolving and non-revolving categories.
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