Credit

Normalization

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.