Story perspectives

US Consumer Credit Falls $182M, Revolving Debt Drops 4.7%

7/10/2026

Summary

Story summary

U.S. consumers reduced total consumer credit (excluding mortgages) by $182 million in May, Fed G.19 report said July 8 2026.
Revolving credit fell 4.7% annualized, cutting $5.3 billion—the biggest drop in about two years.
Nonrevolving credit grew 1.6% annualized while total credit stayed at $5,154.5 billion, unchanged from the prior month.
U.S. consumer debt now totals about $18.2 trillion, marking the first reversal in six months, with the Fed set to issue a June 2026 G.19 report.

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Story summary

U.S. consumers reduced total consumer credit (excluding mortgages) by $182 million in May, Fed G.19 report said July 8 2026.
Revolving credit fell 4.7% annualized, cutting $5.3 billion—the biggest drop in about two years.
Nonrevolving credit grew 1.6% annualized while total credit stayed at $5,154.5 billion, unchanged from the prior month.
U.S. consumer debt now totals about $18.2 trillion, marking the first reversal in six months, with the Fed set to issue a June 2026 G.19 report.