US households are "fighting" inflation with debt: Total consumer credit surged +$25 billion in March, to a record $5.14 trillion. This marks the largest monthly increase since March 2025. Revolving credit, which includes credit cards, jumped +$10 billion, to $1.34 trillion, the highest since November 2024. This was also the biggest monthly increase since February 2024. Non-revolving credit, mainly auto and student loans, rose +$15 billion, to a record $3.80 trillion. As a result, total consumer credit has now surged +$1.05 trillion since the 2020 pandemic. US consumers' debt levels are skyrocketing.(The Kobeissi Letter)