Consumer credit grew at a seasonally adjusted rate of 5.7% in April. Revolving credit increased at an annual rate of 13.1% during the month, while nonrevolving credit grew at an annual rate of 3.2%, the Federal Reserve said in a Wednesday (June 7) statistical release. Compared to...
Access to credit, the value of credit in managing personal finances, and fear of debt are all coming into play at a time when over 60% of U.S. households live paycheck to paycheck, including those bringing in six-figure salaries, with many struggling to make ends...
June 07, 2023
Consumer credit grew at a seasonally adjusted rate of 5.7% in April. Revolving credit increased at an annual rate of 13.1% during the month, while nonrevolving credit grew at an annual rate of 3.2%, the Federal Reserve said in a Wednesday (June 7) statistical release. Compared to the previous month, the total percentage change was the same, […]
