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Monthly
CCUSSP01CZM650N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.50
Year-over-Year Change
5.50%
Date Range
1/1/1991 - 11/1/2023
Summary
The Monthly Consumer Credit - Other Credit Plans trend measures the total amount of consumer credit outstanding, excluding credit cards and installment loans. It provides insights into consumer borrowing and spending patterns.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Monthly Consumer Credit - Other Credit Plans series tracks the total dollar amount of non-revolving consumer credit in the U.S. economy. This data is used by economists and policymakers to assess consumer financial health and the overall state of the economy.
Methodology
The Federal Reserve collects this data from financial institutions and aggregates it into a monthly national-level statistic.
Historical Context
Trends in consumer credit can signal changing consumer confidence and spending, which are closely monitored by the Federal Reserve and other economic analysts.
Key Facts
- Consumer credit, excluding credit cards and installment loans, totaled $335 billion as of the latest report.
- Other credit plans account for about 30% of total consumer credit outstanding in the U.S.
- This indicator has shown steady growth since the 2008-2009 recession.
FAQs
Q: What does this economic trend measure?
A: The Monthly Consumer Credit - Other Credit Plans trend measures the total dollar amount of non-revolving consumer credit in the U.S., excluding credit cards and installment loans.
Q: Why is this trend relevant for users or analysts?
A: Trends in consumer credit provide insights into consumer borrowing and spending patterns, which are closely watched by economists and policymakers as indicators of the overall health of the economy.
Q: How is this data collected or calculated?
A: The Federal Reserve collects this data from financial institutions and aggregates it into a monthly national-level statistic.
Q: How is this trend used in economic policy?
A: Measures of consumer credit are used by the Federal Reserve and other economic analysts to assess consumer confidence and spending, which are key factors in setting monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The Monthly Consumer Credit - Other Credit Plans data is released by the Federal Reserve on a monthly basis, with a typical 1-2 month lag from the reference period.
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Citation
U.S. Federal Reserve, Monthly Consumer Credit - Other Credit Plans (CCUSSP01CZM650N), retrieved from FRED.