US July consumer credit outstanding
Prior was +$10.21B
Revolving (ie credit cards) +$1.25B vs +$1.17B prior
Non-revolving (ie car and student loans) +$15.39B vs +$9.64B prior
The US consumer always finds a way.
I think at some point when we look back at growth since the 1980s, credit is going to be a big (maybe the biggest) part of the story.