The Kobeissi Letter|Nov 10, 2026 03:27
BREAKING: Total US consumer credit surged +$29 billion in September, to a record $5.19 trillion.
This marks the largest monthly increase since December 2025 and the 3rd-largest monthly increase since November 2023.
US consumer credit has now risen for 7 consecutive months by a total of +$125 billion.
Meanwhile, revolving credit, which includes credit cards, jumped +$16 billion, to a record $1.37 trillion, marking its largest monthly increase since November 2023.
Non-revolving credit, covering auto and student loans, rose +$12 billion, to $3.86 trillion, an all-time high.
US consumers are piling on debt to "fight" inflation.
Share To
Timeline
HotFlash
APP
X
Telegram
CopyLink