When you mention American Consumer de-levering, what're the primary sources of American Consumer leverage (not counting mortgage, I assume)? Credit cards?
When you mention American Consumer de-levering, what're the primary sources of American Consumer leverage (not counting mortgage, I assume)? Credit cards?
Student loans ($1.8 trillion), motor vehicle loans ($1.5 trillion), and credit cards ($1.3 trillion) make up the bulk of non-mortgage credit ($5 trillion). The rest are things like miscellaneous "personal loans". Details are in here:
When you mention American Consumer de-levering, what're the primary sources of American Consumer leverage (not counting mortgage, I assume)? Credit cards?
Student loans ($1.8 trillion), motor vehicle loans ($1.5 trillion), and credit cards ($1.3 trillion) make up the bulk of non-mortgage credit ($5 trillion). The rest are things like miscellaneous "personal loans". Details are in here:
https://www.federalreserve.gov/releases/g19/current/default.htm