total revolving consumer credit aka credit card debt is a straight line up going... | Hacker News

Hacker Newsnew | past | comments | ask | show | jobs | submit

		tempsy on Jan 11, 2023 \| parent \| context \| favorite \| on: Flexport slashes 20% of global workforce over weak... total revolving consumer credit aka credit card debt is a straight line up going to hit $1 trillion soon for the first time. seems not great in face of high interest rates. https://fred.stlouisfed.org/series/CCLACBW027SBOG

rippercushions on Jan 12, 2023 [–]

And that doesn't even include the explosion in Buy Now Pay Later services like Afterpay, which are very much debt but likely don't show up in the report.

umeshunni on Jan 12, 2023 | [–]

But those are generally shorter term loans

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact