Congratulations Debt Slaves! You Owe the Banks a New Record Amount of Money


by Mish Shedlock, The Maven:

Consumer credit hit another all-time high today of nearly $4.1 trillion.

Congratulations Debt Slaves!

Today’s G19 Fed report on Consumer Credit shows that you owe the banks and other creditors yet another record high amount of money.

Consumer Credit

  • Total: $4.1 Trillion
  • Revolving: $1.1 Trillion
  • Non-Revolving: $3.0 Trillion

Well Done.

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