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Congratulations, America! You Now Have $1 Trillion In Credit Card Debt
Congratulations, America! You now have $1 trillion in credit card debt for the first time in history
I am sorry for the basic question, I had thought that revolving credit included credit cards. What makes up consumer revolving credit? Home equity loans? Thanks.
This doesn’t answer your question entirely, but it answers it partially: The NY Fed report covers the whole quarter. So, April, May and June. When I said “at the end of Q2” above, I meant just June.
Thanks.