There’s been a good amount of worry over the growth in consumer debt lately. But, is it justified? Let’s take a look at the latest numbers:
With the exception of a few months, the current growth of credit seems fairly…normal?
Sure, you could argue it’s a bit higher on average than pre-pandemic times but is it outlandishly higher to the point we start to worry about some impending collapse? No way - not based on what I see here.
So, next time there is an article fear mongering about out of control consumer debt, remember that elevated behavior is not the same as out of control behavior.
Market sentiment vs. data confidence.