Consumer credit outstandingSeasonally adjustedRevised
Board of Governors of the Federal Reserve System · monthly · 1,004 observations
+0.2% vs prior month+2.7% vs a year earlier
Source: Federal Reserve Board
About this series
What it measures
Total consumer credit outstanding at month end, in millions of dollars, seasonally adjusted: credit to individuals for household and personal spending, both revolving (mostly credit cards) and nonrevolving (such as auto and student loans), excluding loans secured by real estate. The Federal Reserve Board publishes it monthly in the G.19 release, about five weeks after the month ends. The release's headline is the total's percent change at an annual rate.
Why it matters
It is the main official measure of how much households owe outside of mortgage and home equity debt.
Common misreads
The latest month is preliminary and earlier months are revised, including when benchmark data arrive. It is in current dollars and not adjusted for inflation, so new highs are common. It excludes mortgages and home equity lines.