The trend over time.
The latest available read: Consumer Credit Growth is at 2.73% as of August 2026. Source: FRED · TOTALSL. CSV and PNG downloads cover the selected date range.
What Consumer Credit Growth measures.
The year-over-year percentage change in total consumer credit outstanding, mostly credit cards and auto and student loans, from the Federal Reserve. It excludes mortgages.
Fast growth can mean confidence or financial strain, depending on income growth and delinquencies. Read it alongside the credit card delinquency rate.
Why it matters.
Steady credit growth signals consumers are borrowing cautiously and lenders are willing to extend credit, suggesting confidence in the job market and household finances. A sustained slowdown here would be a red flag for spending power and economic momentum.
Where it fits.
Consumer Credit Growth is covered on the Credit page.