Federal Government; Consumer Credit, Student Loans; Asset, Transactions
Annual
FGCCSLA027N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
55,784.00
Year-over-Year Change
-56.24%
Date Range
1/1/1946 - 1/1/2024
Summary
The Annual trend measures the year-over-year change in the Consumer Credit Outstanding for the United States. This metric is closely watched by economists and policymakers as an indicator of consumer financial health and spending behavior.
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 Annual trend tracks the annual rate of change in total consumer credit outstanding, including both revolving credit (such as credit cards) and non-revolving credit (such as auto and student loans). It provides insight into consumer demand and access to credit, which are important signals for the broader economy.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on reports from financial institutions.
Historical Context
Policymakers and analysts use this trend to gauge consumer confidence and the potential for changes in consumer spending and broader economic activity.
Key Facts
- Consumer credit outstanding totaled $4.5 trillion as of 2022.
- The annual growth rate in consumer credit has averaged 5.4% over the past decade.
- Revolving credit accounts for approximately 30% of total consumer credit.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the year-over-year change in total consumer credit outstanding in the United States, including both revolving and non-revolving credit.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into consumer demand, access to credit, and financial health, which are key indicators for the broader economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on reports from financial institutions.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to gauge consumer confidence and the potential for changes in consumer spending and broader economic activity.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of 1-2 months.
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Citation
U.S. Federal Reserve, Annual (FGCCSLA027N), retrieved from FRED.