Economic Impact Group, LLC Economic Data Brief
 
Growth & spending

Consumer Credit (G.19) — May 2026

Released August 3, 2026 · Federal Reserve · full release · charts & history on EconomicsGuru
Total consumer credit outstanding fell 0.0% in May 2026 to $5,154.5B, +2.1% from a year ago. Prior month: $5,154.7B. Prior periods were revised in 10 series — figures below reflect that.
Total credit
$5,154.5B
▼ 0.0% m/m
· +2.1% y/y
Revolving
$1,344.2B
▼ −0.4% m/m
· +3.4% y/y
Nonrevolving
$3,810.3B
▲ +0.1% m/m
· +1.6% y/y

Revision check

REVISIONS DETECTED (10) — since first published. Every change below is calculated on the revised figures.
Revolving credit growth · February 20260.6%→1.0%▲ +0.4 pp
Nonrevolving credit growth · February 20262.8%→1.9%▼ −0.9 pp
Total credit growth · February 20262.2%→1.7%▼ −0.5 pp
Nonrevolving credit growth · March 20264.7%→3.8%▼ −0.9 pp
Total credit growth · March 20265.8%→5.3%▼ −0.5 pp
Revolving credit growth · March 20269.1%→9.7%▲ +0.6 pp
Nonrevolving credit growth · April 20262.9%→2.9%▲ +0.1 pp
Revolving credit growth · April 202610.4%→10.4%▼ −0.1 pp
Total credit growth · April 20264.8%→4.9%▲ 0.0 pp
Nonrevolving credit (auto and student loans) · March 2026$3,803.6B→$3,795.9B▼ −$7.6B

Key figures

Headline →May 2026April 2026M/M chgM/M %Y/Y chgY/Y %12-period trend
Total consumer credit outstanding
millions of dollars, SA — excludes mortgages
$5,154.5B$5,154.7B▼ −$0.2B▼ 0.0%▲ +$106.1B▲ +2.1%
 
 
 
 
 
 
 
 
 
 
 
 
 
Revolving credit (credit cards)$1,344.2B$1,349.5B▼ −$5.3B▼ −0.4%▲ +$44.5B▲ +3.4%
 
 
 
 
 
 
 
 
 
 
 
 
 
Nonrevolving credit (auto and student loans)REVISED$3,810.3B$3,805.2B▲ +$5.1B▲ +0.1%▲ +$61.6B▲ +1.6%
 
 
 
 
 
 
 
 
 
 
 
 
 
Trend bars show year-over-year % change over the last 13 periods; the latest period is highlighted.
Growth rates →May 2026April 2026M/M chgM/M %Y/Y chgY/Y %12-period trend
Total credit growthREVISED
SAAR — the pace, not the level
-0.0%4.9%▼ −4.9 pp—▼ −2.4 pp—
 
 
 
 
 
 
 
 
 
 
 
 
 
Revolving credit growthREVISED-4.7%10.4%▼ −15.1 pp—▼ −5.3 pp—
 
 
 
 
 
 
 
 
 
 
 
 
 
Nonrevolving credit growthREVISED1.6%2.9%▼ −1.3 pp—▼ −1.3 pp—
 
 
 
 
 
 
 
 
 
 
 
 
 
Trend bars show the level over the last 13 periods; the latest period is highlighted.

What stood out

  • The 4.9 point fall in Total credit growth is the largest since December 2023.
  • Revolving credit growth: lowest since November 2024 (18 months).
  • The 0.4% monthly drop in Revolving credit (credit cards) is the biggest since March 2025.

Sources

Economic Impact Group, LLC
Economic research for developing communities
Prepared 2026-08-03 15:58 UTC. Green marks an increase, red a decrease — direction only, not good or bad.