The Federal Reserve's consumer credit report for September 2016 shows a 6.3% annualized monthly increase in consumer credit, and 7.0% for the entire third quarter. Revolving credit increased 5.2% for the month as well as Q3,. Non-revolving credit increased 7.4% for September and 7.6% for Q3. Consumer credit matters due to personal consumption being the driving force in economic growth.
The Federal Reserve's consumer credit report for August 2013 shows a 5.4% annualized monthly increase in consumer credit, driven by student loans. Once again student loans increased, while credit card debt declined. Revolving credit declined by -1.2%, and non-revolving credit jumped another 8.0%. This is the third month in a row revolving credit has declined.
The Q2 2013 Federal Reserve's flow of funds report shows household net worth increased $1.5 trillion to $74.8 trillion in Q2 2013 and hit another record high. The thing is, magically household net worth was boosted up by unfunded pension funds. Nice huh, to have an increase in wealth that Americans do not actually have?
The Federal Reserve's consumer credit report for July 2013 shows a 4.4% annualized monthly increase in consumer credit, driven by auto loans. Once again student loans increased, while credit card debt declined. Revolving credit declined by -2.6%, and non-revolving credit jumped another 7.4%. June showed consumer credit increasing by a 5.1% annualized rate.
The Q1 2013 Federal Reserve's flow of funds report, released June 6th, shows a select few gained handsomely in wealth and corporate cash is once again at record highs. Household wealth , increased $3 trillion to $70.35 trillion in Q1 2013. This is a 19% annualized increase from Q4, above 2007 levels and a record high.
The Federal Reserve's consumer credit report for November 2012 shows a 7.0% annualized monthly increase in consumer credit, once again driven by student loans. Revolving credit increased by 1.1%, and non-revolving credit jumped another 9.6%. October showed consumer credit increasing by a 6.2% annualized rate.
The Q3 2012 Federal Reserve's flow of funds report shows a select few gained handsomely in wealth. Household wealth increased $1.7 trillion to $62.67 trillion in Q2 2012. The gains were in stocks, $524.4 billion worth, mutual funds by $282 billion and real estate values increased.
The Federal Reserve's consumer credit report for September 2012 shows a 5.0% annualized monthly increase in consumer credit, once again driven by student loans. Revolving credit declined, -4.1%, and non-revolving credit increased 9.2 %. For Q3, consumer credit increased 4.0% annualized, with revolving credit declining -1.5% and non-revolving increasing 6.5% for the third quarter.
The Q2 2012 Federal Reserve's flow of funds report was released last Thursday. Household wealth decreased $321.9 billion to $62.67 trillion in Q2 2012. The losses were in stocks, mutual funds while real estate values increased. Below is a graph of annual household net worth and notice the Great Recession wealth wipe out in the below graph.
The Federal Reserve's consumer credit report for July 2012 shows a 1.5% annualized monthly increase in consumer credit. Revolving credit declined, -6.75%, and nonrevolving credit increased 1.0%. The Credit Kraken went back into it's cave.
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