Archive for the ‘Debt Statistics’ Category

Consumer Debt, the BIG Picture from the Fed

Monday, March 24th, 2008

The Federal Reserve publishes current data on the status of what they call “Consumer Credit”. The BIG picture is not improving. This month’s report states, “Consumer credit increased at an annual rate of 3-1/4 percent in January”. It continues, “revolving credit increased at an annual rate of 7 percent.” The full release is here: Federal Reserve Consumer Credit Report