Total Consumer Credit Outstanding

The Federal Reserve's G.19 release counts $5.19 trillion in consumer credit on lenders' books for July 2026, $130.29 billion more than a year earlier. The seasonally adjusted balance, which removes the usual swings of the calendar, was up $18.06 billion from June 2026.

That is the largest balance in a series that starts in 1943. It is a record in current dollars, not adjusted for inflation or population growth. The newest month is preliminary and is usually revised in the next release.

Consumer credit covers loans to people for household and personal spending that are not secured by real estate. About a quarter is revolving credit, mostly credit cards; the rest is nonrevolving credit such as auto loans, student loans and other installment loans. Mortgages and home equity lines are left out. The Fed adds up balances held by banks, credit unions, finance companies, the federal government's student loan program and nonprofit and educational lenders. It counts dollars on lenders' books, not people, so it does not say how much any one household owes.

Changes on this page are differences between the published monthly balances. When the Fed changes its sources or moves loans from one category to another, the balance can jump or drop with no new borrowing, as it did in December 2024 and March 2025. The Fed's own growth rates leave those steps out, and they are stated at an annual rate, so a month's growth figure in the release is not the same as the change shown here.

A dollar total does not say whether this debt is hard to carry. Revolving credit tracks the card-heavy part on its own, the total delinquency rate tracks the share of household debt balances that are behind on payments, and the personal saving rate tracks how much of their income households save. None of them shows why balances changed.