Consumer Credit in the United States decreased to 18.08 USD Billion in January from 37.05 USD Billion in December of 2024. This dataset provides the latest reported value for - United States Consumer Credit Change - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Graph and download economic data for Total Securitized Consumer Credit (TOTALSEC) from Jan 1989 to Jan 2025 about securitized, consumer credit, loans, consumer, and USA.

The G.19 Statistical Release, Consumer Credit, reports outstanding credit extended to individuals for household, family, and other personal expenditures, excluding loans secured by real estate. Total consumer credit comprises two major types: revolving and nonrevolving. Revolving credit plans may be unsecured or secured by collateral and allow a consumer to borrow up to a prearranged limit and repay the debt in one or more installments. Credit card loans comprise most of revolving consumer credit measured in the G.19, but other types, such as prearranged overdraft plans, are also included. Nonrevolving credit is closed-end credit extended to consumers that is repaid on a prearranged repayment schedule and may be secured or unsecured. To borrow additional funds, the consumer must enter into an additional contract with the lender. Consumer motor vehicle and education loans comprise the majority of nonrevolving credit, but other loan types, such as boat loans, recreational vehicle loans, and personal loans, are also included. This statistical release is designated by OMB as a Principal Federal Economic Indicator (PFEI).

The outstanding consumer credit in the United States was approximately 103 billion U.S. dollars higher in the first quarter of 2024 than a year earlier. That quarter, the outstanding consumer credit amounted to nearly 5.05 trillion U.S. dollars. Consumer credit refers to unsecured lending provided to individuals, usually with the purpose of covering small expenses, such as buying goods and services.

The total consumer credit outstanding in the United States increased year-on-year from 2000 to 2023, except in 2009 and 2010 when slight declines were observed. In 2023, the consumer credit outstanding in the U.S. amounted to approximately 4.98 trillion U.S. dollars - a significant increase from the previous year. At the beginning of the time period under observation, the total consumer credit outstanding in the U.S. amounted to a value of 1.62 trillion U.S. dollars.

Graph and download economic data for Consumer Loans: Credit Cards and Other Revolving Plans, All Commercial Banks (CCLACBM027SBOG) from Jul 2000 to Feb 2025 about revolving, credit cards, loans, consumer, banks, depository institutions, and USA.

As of the third quarter of 2024, the levels of debt from consumer lending in the United States amounted to over five trillion U.S. dollars. The consumer credit debt of households and nonprofit organizations increased steadily in the last decade. Throughout that period, the outstanding consumer credit in the U.S. has also been growing.

United States Consumer Credit Outstanding: sa: Revolving data was reported at 1,039.314 USD bn in May 2018. This records an increase from the previous number of 1,029.562 USD bn for Apr 2018. United States Consumer Credit Outstanding: sa: Revolving data is updated monthly, averaging 137.247 USD bn from Jan 1955 (Median) to May 2018, with 761 observations. The data reached an all-time high of 1,039.314 USD bn in May 2018 and a record low of 0.000 USD bn in Dec 1967. United States Consumer Credit Outstanding: sa: Revolving data remains active status in CEIC and is reported by Federal Reserve Board. The data is categorized under Global Database’s USA – Table US.KA011: Consumer Credit Outstanding and Terms of Credit. On June 7, 2012, the Consumer Credit (G.19) series has been restructured to reflect regulatory filing changes for U.S.-chartered depository institutions. These changes will be accompanied by the revisions to the estimates of outstanding consumer credit back to January 2006.

Graph and download economic data for Revolving Consumer Credit Owned and Securitized (REVOLSL) from Jan 1968 to Jan 2025 about securitized, owned, revolving, consumer credit, loans, consumer, and USA.

In July 2024, the volume of consumer lending in the United States was 3.02 percent higher than in the same period of the previous year. During economic recessions, the overall volume of credit tends to decrease. The lowest annual drops in the value of consumer loans were in June 2009, coinciding with the economic crisis of 2007, and in April 2020, during the start of the COVID-19 pandemic.

Graph and download economic data for Large Bank Consumer Credit Card Balances: 60 or More Days Past Due Rates: Balances Based (RCCCBBALDPD60P) from Q3 2012 to Q3 2024 about 60 days +, FR Y-14M, consumer credit, credit cards, large, balance, loans, consumer, banks, depository institutions, rate, and USA.

Graph and download economic data for Nonrevolving Consumer Credit Owned and Securitized (NONREVNS) from Jan 1943 to Jan 2025 about nonrevolving, securitized, owned, consumer credit, loans, consumer, and USA.

United States Consumer Credit Outstanding: Finance Companies: Nonrevolving data was reported at 507.860 USD bn in Sep 2018. This records a decrease from the previous number of 509.703 USD bn for Aug 2018. United States Consumer Credit Outstanding: Finance Companies: Nonrevolving data is updated monthly, averaging 62.063 USD bn from Jan 1943 (Median) to Sep 2018, with 909 observations. The data reached an all-time high of 631.645 USD bn in Sep 2015 and a record low of 0.728 USD bn in Feb 1944. United States Consumer Credit Outstanding: Finance Companies: Nonrevolving data remains active status in CEIC and is reported by Federal Reserve Board. The data is categorized under Global Database’s USA – Table US.KB003: Consumer Credit Outstanding and Terms of Credit. On June 7, 2012, the Consumer Credit (G.19) series has been restructured to reflect regulatory filing changes for U.S.-chartered depository institutions. These changes will be accompanied by the revisions to the estimates of outstanding consumer credit back to January 2006.

Credit card debt in the United States has been growing at a fast pace between 2021 and 2024. In the third quarter of 2024, the overall amount of credit card debt reached its highest value throughout the timeline considered here. COVID-19 had a big impact on the indebtedness of Americans, as credit card debt decreased from 927 billion U.S. dollars in the last quarter of 2019 to 770 billion U.S. dollars in the first quarter of 2021. What portion of Americans use credit cards? A substantial portion of Americans had at least one credit card in 2024. That year, the penetration rate of credit cards in the United States was 67 percent. This number increased by nearly seven percentage points since 2014. The primary factors behind the high utilization of credit cards in the United States are a prevalent culture of convenience, a wide range of reward schemes, and consumer preferences for postponed payments. Which companies dominate the credit card issuing market? In 2023, the leading credit card issuers in the U.S. by volume were JPMorgan Chase & Co. and American Express. Both firms recorded transactions worth over one trillion U.S. dollars that year. Citi and Capital One were the next banks in that ranking, with the transactions made with their credit cards amounting to over half a trillion U.S. dollars that year. Those industry giants, along with other prominent brand names in the industry such as Bank of America, Synchrony Financial, Wells Fargo, and others, dominate the credit card market. Due to their extensive customer base, appealing rewards, and competitive offerings, they have gained a significant market share, making them the preferred choice for consumers.

United States Delinquency Rate: Consumer: Credit Cards data was reported at 2.540 % in Mar 2018. This records a decrease from the previous number of 2.560 % for Dec 2017. United States Delinquency Rate: Consumer: Credit Cards data is updated quarterly, averaging 4.200 % from Mar 1991 (Median) to Mar 2018, with 109 observations. The data reached an all-time high of 6.610 % in Mar 2009 and a record low of 2.010 % in Jun 2015. United States Delinquency Rate: Consumer: Credit Cards data remains active status in CEIC and is reported by Federal Reserve Board. The data is categorized under Global Database’s USA – Table US.KA010: Commercial Banks: Charge Off and Delinquency Rates.

United States Consumer Credit Outstanding: Flow: Revolving data was reported at 16.255 USD bn in May 2018. This records an increase from the previous number of 4.883 USD bn for Apr 2018. United States Consumer Credit Outstanding: Flow: Revolving data is updated monthly, averaging 0.806 USD bn from Feb 1968 (Median) to May 2018, with 604 observations. The data reached an all-time high of 30.468 USD bn in Dec 2015 and a record low of -26.829 USD bn in Jan 2010. United States Consumer Credit Outstanding: Flow: Revolving data remains active status in CEIC and is reported by Federal Reserve Board. The data is categorized under Global Database’s USA – Table US.KA011: Consumer Credit Outstanding and Terms of Credit.

United States Consumer Credit Outstanding: Flow: Nonrevolving data was reported at 13.651 USD bn in May 2018. This records an increase from the previous number of 9.551 USD bn for Apr 2018. United States Consumer Credit Outstanding: Flow: Nonrevolving data is updated monthly, averaging 1.086 USD bn from Feb 1943 (Median) to May 2018, with 904 observations. The data reached an all-time high of 36.302 USD bn in Aug 2016 and a record low of -17.955 USD bn in Jan 1977. United States Consumer Credit Outstanding: Flow: Nonrevolving data remains active status in CEIC and is reported by Federal Reserve Board. The data is categorized under Global Database’s USA – Table US.KA011: Consumer Credit Outstanding and Terms of Credit.

United States Consumer Credit Outstanding: Flow: Depository Institutions data was reported at 17.133 USD bn in May 2018. This records an increase from the previous number of 6.659 USD bn for Apr 2018. United States Consumer Credit Outstanding: Flow: Depository Institutions data is updated monthly, averaging 0.365 USD bn from Feb 1943 (Median) to May 2018, with 904 observations. The data reached an all-time high of 34.358 USD bn in Dec 2015 and a record low of -35.331 USD bn in Mar 2009. United States Consumer Credit Outstanding: Flow: Depository Institutions data remains active status in CEIC and is reported by Federal Reserve Board. The data is categorized under Global Database’s USA – Table US.KA011: Consumer Credit Outstanding and Terms of Credit.

United States Consumer Credit Outstanding: Depository Institutions data was reported at 1,618.713 USD bn in Sep 2018. This records an increase from the previous number of 1,617.295 USD bn for Aug 2018. United States Consumer Credit Outstanding: Depository Institutions data is updated monthly, averaging 202.439 USD bn from Jan 1943 (Median) to Sep 2018, with 909 observations. The data reached an all-time high of 1,618.713 USD bn in Sep 2018 and a record low of 1.917 USD bn in Feb 1944. United States Consumer Credit Outstanding: Depository Institutions data remains active status in CEIC and is reported by Federal Reserve Board. The data is categorized under Global Database’s United States – Table US.KB003: Consumer Credit Outstanding and Terms of Credit.

The tables and interactive maps below allow users to explore the ratio of debt to income by state, metropolitan statistical area, and county for each year since 1999. Household debt is calculated from Federal Reserve Bank of New York (FRBNY) Consumer Credit Panel/Equifax Data, and household income is reported by the Bureau of Labor Statistics.