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 |
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
Q: Does this include mortgages? A: No, consumer credit excludes mortgages. It includes credit cards, auto loans, student loans, and other consumer debt.
Q: What units is this in? A: Consumer credit is reported in billions of U.S. dollars.
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