Monthly Archives: May 2009

Total Consumer Credit Outstanding in the US

A sobering graph from the St. Louis Fed shows the total consumer credit outstanding in the US. It’s clear from the graph that consumer borrowing went into overdrive starting in the early 1990s. The big question for creditors now is how much of the borrowed money will be paid back while unemployment continues to increase.

Total consumer credit outstanding in the US

Source: Federal Reserve Bank of St. Louis