Annual change of total consumer credit in the U.S. 2007-2024

Published by
Fernando de Querol Cumbrera
,
Sep 16, 2024

In July 2024, the volume of consumer lending in the United States was 3.02 percent higher than in the same period of the previous year. During economic recessions, the overall volume of credit tends to decrease. The lowest annual drops in the value of consumer loans were in June 2009, coinciding with the economic crisis of 2007, and in April 2020, during the start of the COVID-19 pandemic.

Percentage change on previous year of total consumer credit in the United States from January 2007 to July 2024

CharacteristicYear-on-year change
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Showing entries 1 to 13 (211 entries in total)
Statistic: Percentage change on previous year of total consumer credit in the United States from January 2007 to July 2024

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Release date

September 2024

Region

United States

Survey time period

January 2007 to July 2024

Special properties

Seasonally Adjusted Annual Rate

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Statistics on " Bank loans in the United States "

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U.S. banking industry during recessionsLargest banks in the United States Recession indicators worldwideThe Great Recession in the U.S.
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