Percent Change of Total Consumer Credit
TOTALSLAR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.75
Year-over-Year Change
306.98%
Date Range
2/1/1943 - 6/1/2025
Summary
The Percent Change of Total Consumer Credit tracks the quarterly growth or contraction of consumer borrowing across the United States. This metric provides critical insights into consumer financial behavior, spending patterns, and overall economic health.
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
This economic indicator measures the aggregate change in consumer credit, including revolving credit like credit cards and non-revolving credit such as auto loans and student loans. Economists use this trend to assess consumer confidence, potential economic expansion or contraction, and underlying financial dynamics.
Methodology
The data is collected by the Federal Reserve through comprehensive surveys and financial institution reporting, tracking total consumer credit levels and calculating percentage changes from the previous quarter.
Historical Context
Policymakers and financial analysts use this trend to inform monetary policy decisions, assess consumer spending potential, and predict broader economic trends.
Key Facts
- Reflects total consumer borrowing across credit types
- Indicates consumer financial confidence and spending capacity
- Provides leading insights into economic momentum
FAQs
Q: What does the TOTALSLAR series measure?
A: TOTALSLAR tracks the quarterly percentage change in total consumer credit, including both revolving and non-revolving credit instruments across the United States.
Q: Why is consumer credit important?
A: Consumer credit reflects economic health by indicating consumer confidence, spending capacity, and potential economic growth or contraction.
Q: How is consumer credit calculated?
A: Consumer credit is calculated by aggregating total credit balances from financial institutions, including credit cards, auto loans, and personal loans, then computing the percentage change.
Q: How do policymakers use this data?
A: Federal Reserve officials and economic policymakers use consumer credit trends to assess economic conditions and potentially adjust monetary policy strategies.
Q: How frequently is this data updated?
A: The consumer credit data is typically updated quarterly by the Federal Reserve, providing a current snapshot of borrowing trends.
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Related Trends
Nonrevolving Consumer Credit Owned and Securitized
NONREVSL
Total Consumer Credit Securitized by Nonfinancial Business
DTCNLHNNM
Total Securitized Consumer Credit, Flow
FLTOTALSEC
Nonrevolving Consumer Credit Owned by Nonprofit and Educational Institutions
NREVNEI
Nonrevolving Consumer Credit Owned by Nonfinancial Business
NREVNNFC
Total Consumer Credit Securitized by Nonfinancial Business, Flow
DTCNLHNXDFBANM
Citation
U.S. Federal Reserve, Percent Change of Total Consumer Credit [TOTALSLAR], retrieved from FRED.
Last Checked: 8/1/2025