November Revolving Credit Outstanding Swells
Of the total $2.48 trillion in outstanding US consumer debt, total outstanding revolving credit was up 8.5% in November from $794.5 billion in October to $807.9 billion. This compares to the year ago figure of 797.0. Revolving consumer credit plummeted from its peak of $973.6 billion in August 2008 by a staggering $179.6 billion, and…