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total revolving consumer credit aka credit card debt is a straight line up going to hit $1 trillion soon for the first time. seems not great in face of high in
by tempsy 4y ago
total revolving consumer credit aka credit card debt is a straight line up
going to hit $1 trillion soon for the first time. seems not great in face of high interest rates.
https://fred.stlouisfed.org/series/CCLACBW027SBOG https://fred.stlouisfed.org/series/CCLACBW027SBOG
- rippercushions 4y agoAnd that doesn't even include the explosion in Buy Now Pay Later services like Afterpay, which are very much debt but likely don't show up in the report.
- umeshunni 4y agoBut those are generally shorter term loans