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 Americans Unleash Epic Debt-Fuelled Spending Spree As Credit Card Debt Jumps Most On Record

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Americans Unleash Epic Debt-Fuelled Spending Spree As Credit Card Debt Jumps Most On Record Vide
PostSubject: Americans Unleash Epic Debt-Fuelled Spending Spree As Credit Card Debt Jumps Most On Record   Americans Unleash Epic Debt-Fuelled Spending Spree As Credit Card Debt Jumps Most On Record Icon_minitimeFri May 06, 2016 9:37 pm
While one of the recurring complaints about the US consumer has been the willingness to dig into their savings which recent matched the highest level since 2012, something unexpected was revealed today when the March Consumer Credit data showed that not only did total consumer credit soar by $29.7 billion, or almost double the $16 billion expected, and the highest in series history...

Americans Unleash Epic Debt-Fuelled Spending Spree As Credit Card Debt Jumps Most On Record Consumer%20Credit%20March_0

... but that this was driven by a record $11 billion surge in revolving (aka credit card) debt, as it appears in March US consumers unleashed a historic debt-fuelled spending spree, one which as the chart below demonstrates is either a misprint, a huge outlier, or something has dramatically changed in US consumer psychology.

http://www.zerohedge.com/news/2016-05-06/americans-unleash-epic-debt-fuelled-spending-spree-credit-card-debt-jumps-most-recor
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Americans Unleash Epic Debt-Fuelled Spending Spree As Credit Card Debt Jumps Most On Record

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