Consumer Credit Outstanding
Returns the total consumer credit outstanding, which includes credit card debt, auto loans, student loans, and other non-mortgage consumer debt.
Data Source
Federal Reserve Statistical Release G.19 - Consumer Credit.
Usage Notes
- No parameters required
- Returns value in billions of dollars
- Data updated monthly
- Excludes mortgages - only consumer credit
Components Included
| Type | Examples |
|---|---|
| Revolving | Credit cards, HELOCs |
| Non-revolving | Auto loans, student loans, personal loans |
Economic Interpretation
| Trend | Interpretation |
|---|---|
| Rising | Consumer confidence / spending growth |
| Falling | Consumer deleveraging / caution |
| Rapid rise | Potential credit bubble |
Syntax
=ConsumerCreditOutstanding()Examples
Total consumer credit (billions)
When to Use
- Analyzing consumer borrowing trends
- Tracking household debt levels
- Consumer spending forecasts
- Credit cycle analysis
When NOT to Use
| Scenario | Use Instead |
|---|---|
| Need business/commercial loans | Loans() |
| Need mortgage information | MortgageRate30y() |
| Need savings rate | PersonalSavingsRate() |
Common Issues & FAQ
Does this include mortgages?
No, consumer credit excludes mortgages. It includes credit cards, auto loans, student loans, and other consumer debt.
What units is this in?
Consumer credit is reported in billions of U.S. dollars.
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