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U.S. consumer credit keeps expanding at strong rate in November

Por: MarketWatch Politics January 10, 2023

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Key details: Revolving credit, like credit cards, rose 16.9% in November after a 10.3% gain in the prior month. Nonrevolving credit, typically auto and student loans, rose 3.9%, down from a 6.5% growth rate in the prior month. This category of credit is much less volatile.  The Fed’s data does not include mortgage loans, which is the largest category of household debt. Big picture: Consumer credit has been growing consistently between $24... + full article



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