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November 2014 Consumer Credit Growth Rises. Current Increase in Rate of Growth is Not Sustainable.
Thursday, January 8, 2015 22:10
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Written by Steven Hansen
Consumer credit growth has been trending down since July – but grew this month. It is interesting that student loan growth has not been distorting one’s view of the consumer credit growth as the rate of growth is now slightly decelerating. Overall, consumer credit is growing at roughly double GDP growth and repayment of consumer debt is taking a larger share of disposable income. The current trends are not sustainable unless there is a similar increase of growth in disposable income.
Source: http://econintersect.com/a/blogs/blog1.php/november-2014-consumer-credit-growth
