Fed Reports Consumer Debt Levels Rise

The latest Federal Reserve Consumer Credit release is out and while consumer debt levels increased at an annual rate of 3 percent in the last reported month, April, the bad news is that the rise is fueled by non-revolving student loans, auto loans, etc.

Revolving debt continued it’s fall but at a slower pace of an annual rate of negative 1.4 percent. The amount of revolving debt current stands at $790.1 billion.

The data shows only a small increase in revolving debt by savings institutions while credit unions remain the same and commercial banks pulled back a bit.

The chart above shows the rate of decline in outstanding consumer debt is slowing (blue) and the decrease in outstanding consumer debt is flattening out a bit (red).


You are not alone. I'm here to help. There is no need to suffer in silence. We can get through this. Tomorrow can be better than today. Don't give up.

Damon Day - Pro Debt Coach

I can always use your help. If you have a tip or information you want to share, you can get it to me confidentially if you click here.

See also  Demand for Debt Help Expected to Remain at Current Levels Through 2013

4 thoughts on “Fed Reports Consumer Debt Levels Rise”

Leave a Comment