Revolving Consumer Credit Owned and Securitized

The data shows the total revolving consumer credit owned and securitized outstanding in the United States from January 1980 to May 2023. Revolving credit includes credit cards and other lines of credit in which the borrower is allowed to repay over time, with a minimum payment due each month. The data is compiled by the Federal Reserve Bank of St. Louis using numbers reported by commercial banks, credit unions, finance companies, and other lenders. It is measured in billions of US dollars, not adjusted for inflation. The data highlights the growing dependence of American consumers on revolving credit over time. The ease of accessing credit cards and borrowing against lines of credit has facilitated greater consumer spending, but also potential growth in household debt. Monitoring trends in revolving credit provides insight into consumer behavior and economic conditions.