U.S. consumer credit tops $5 trillion for first time in November.

The numbers: Total consumer credit rose $23.7 billion in November, up from a $5.8 billion increase in the prior month, the Federal Reserve said Monday. That translates into a 5.7% annual rate, up from a revised 1.4% rise in the prior month. That was the biggest gain since November 2022, and puts total consumer credit above $5 trillion for the first time ever. The data is not adjusted for inflation.

January 08, 2024
38 Articles

Further Reading